IN THIS EPISODE, YOU’LL LEARN:<ul><li>01:22 - Why and how do we need to understand the macro environment when we invest</li><li>07:18 - Why we should think of the economy as we think of the human body</li><li>19:02 - Why the traditional buy-and-hold equity strategy is flawed</li><li>26:20 - Why a house we live in is typically not a good investment</li><li>35:16 - How has the stock market performed after inflation and taxes?&nbsp;</li><li>40:38 - Why investors are not globally diversified when they&nbsp;invest in the S&P500</li><li>48:27 - Why bonds bear markets are different from bear markets in stocks</li><li>55:58 - Why diversification is about hating some of your portfolio all of the time</li><li>1:03:49 - How money creation will change with a digital currency by central banks</li><li>1:11:53 - What is yield curve control, and how is it exercised?&nbsp;</li><li>1:16:08 - What is the third mandate of the FED?</li></ul>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Stig's first part interview with Cullen Roche about <a href="https://www.theinvestorspodcast.com/episodes/inflation-masterclass-w-cullen-roche/" rel="noopener noreferrer" target="_blank">Inflation</a>.</li><li>Cullen Roche's website, <a href="https://disciplinefunds.com/" rel="noopener noreferrer" target="_blank">The Discipline Funds</a>.</li><li>Cullen Roche's website, <a href="https://www.pragcap.com/" rel="noopener noreferrer" target="_blank">Pragmatic Capitalism</a>.</li><li>Tweet directly to <a href="https://twitter.com/cullenroche" rel="noopener noreferrer" target="_blank">Cullen Roche</a>.</li><li>Email Cullen at <a href="mailto:cullenroche@orcamgroup.com" rel="noopener noreferrer" target="_blank">cullenroche@orcamgroup.com</a>.</li><li>Cullen Roche's <a href="https://www.youtube.com/user/cullenroche" rel="noopener noreferrer" target="_blank">YouTube channel</a>.</li><li>Cullen Roche’s new research paper, <a href="https://www.pragcap.com/new-white-paper-all-duration-investing/" rel="noopener noreferrer" target="_blank">All Duration Investing</a>.</li><li>Cullen Roche’s book, <a href="https://www.amazon.com/Pragmatic-Capitalism-Every-Investor-Finance/dp/B0B47DWNJG?_encoding=UTF8&qid=1666267770&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=d0985a1385906d4940b66aaa9faf4821&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">Pragmatic Capitalism – Read reviews here.</a></li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">&nbsp;We Study Markets.</a></li><li>Learn how to better start, manage, and grow your business with the&nbsp;<a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer" target="_blank">best business podcasts</a>.&nbsp;</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Invest in high-quality, cash-flowing real estate without all of the hassle with&nbsp;<a href="https://www.passiveinvesting.com/" rel="noopener noreferrer" target="_blank">Passive Investing</a>.</li><li>Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with&nbsp;<a href="https://mackenzieinvestments.com/" rel="noopener noreferrer" target="_blank">Mackenzie Investments</a>.</li><li>Build a plan that helps you strengthen your financial security with&nbsp;<a href="https://rbcwealthmanagement.com/plan" rel="noopener noreferrer" target="_blank">RBC Wealth Management</a>. RBC capital markets LLC, member NYSE, FINRA, SIPC.</li><li>Throw out the old traditions and get progressive. 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TIP486: Macro Investing w/ Cullen Roche

We Study Billionaires - The Investor’s Podcast Network