Founder at Orcam Financial Group, LLC
Mr. Roche is the founder of Orcam Financial Group, LLC, a low fee financial services firm based in San Diego, CA as well as the founder of the popular financial website Pragmatic Capitalism. Orcam Financial Group, LLC is a low fee financial services firm ...more

ALL CONTRIBUTIONS

Has Housing Bottomed?
Housing is a big slow-moving beast and the basic math on affordability still looks very dreary.
Read
Three Things I Think I Think – No Landing
We’ve all been hoping for inflation to decelerate, but it remains stubbornly high. Meanwhile, the economy is decelerating across the board but remains…surprisingly strong.
Read
Bankrupt Ideologies, Interest Rates And Retirement
There’s a battle of bad ideologies going on around the debt ceiling debate.
Read
Silly Debates, Important Charts And Lessons Learned
There are two really silly debates going on right now. The first is the meaningless debt ceiling. And the second is the endless recession debate.
Read
Happy Disinflation Year?
Higher risk higher growth names are likely to be riskier than lower beta-type names.
Read
2023 Investment Outlook
The range of outcomes still remains very wide because we’re digesting the COVID boom which is evolving into a bust.
Watch

STOCKS I FOLLOW

AA Alcoa Inc.
AAPL Apple Inc.
ADRU BLDRS Europe 100 ADR Index Fund
AIG American International Group Inc
BEAT BioTelemetry, Inc.
BP BP p.l.c.
CBS CBS Corporation
COIN CoinBase
COPX GLOBAL X COPPER MINERS ETF
CS Credit Suisse Group AG
CSCO Cisco Systems Inc.
CSX CSX Corporation
DBC PowerShares DB Commodity Index Tracking Fund
DIA SPDR Dow Jones Industrial Average
DXBBF DEXIA STRIP VVPR
ETN Eaton Corporation
EUFN iShares MSCI Europe Financials Sector Index Fund
EWD iShares MSCI Sweden Index Fund
EWG iShares MSCI Germany Index Fund
EWJ iShares MSCI Japan Index Fund
EWP iShares MSCI Spain Index Fund
EWZ iShares MSCI Brazil Index Fund
FDX FedEx Corporation
FNFG First Niagara Financial Group Inc.
FXE Euro Currency Trust
FXI iShares China Large-Cap
GE General Electric Company
GLD SPDR Gold Trust ETF
GS Goldman Sachs Group Inc.
HBAN Huntington Bancshares Incorporated
HLF Herbalife Nutrition Ltd.
IEF iShares Lehman 7-10 Year Treasury Bond Fund
INTC Intel Corporation
IYR iShares Dow Jones U.S. Real Estate Index Fund
IYT iShares Dow Jones Transportation Average Index Fund
JJC iPath Series B Bloomberg Copper Subindex Total Return ETN
JPM JPMorgan Chase & Co.
KBE SPDR S&P Bank ETF
KBH KB Home
LOW Lowe's Companies Inc.
META Meta Platforms, Inc. (Formerly Facebook, Now META))
MS Morgan Stanley
NFLX Netflix Inc.
OIL iPath B S&P GSCI Crude Oil TR ETN
PSI PowerShares Dynamic Semiconductors Portfolio
REZ iShares FTSE NAREIT Residential Index Fund
RTH Market Vectors Retail ETF
SCHW The Charles Schwab Corporation
SEA Invesco Shipping ETF
SLV iShares Silver Trust
SLX Market Vectors Steel Index Fund
SPY SPDR S&P 500
STT State Street Corporation
TLT iShares Lehman 20+ Year Treasury Bond Fund
UGA United States Gasoline Fund LP
UPS United Parcel Service Inc.
UUP PowerShares DB US Dollar Index Bullish Fund
VXX iPath S&P 500 VIX Short-Term FuturesTM ETN
XHB SPDR S&P Homebuilders ETF
XLF Financial Select Sector SPDR
XRT SPDR S&P RETAIL ETF
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TWEETS

PERSONAL BLOG

Latest Posts
The Best Of Pragmatic Capitalism 2021
Cullen Roche reviews the economic events of 2021 with links to his favorite posts of the year.
Three Things I Think I Think – Don’t Piss In My House
Here are some things I think I am thinking about...
Redemption
Everyone deserves second chances in life including Tiger Woods win The Masters today. The obvious investing corollary here is that good investing is always the process of incremental progress by learning from mistakes.
The Economics Of Le’Veon Bell’s NFL Gamble
The Le’Veon Bell drama has created some financial excitement in the NFL.
A Peaceful Pain
When you get fairly good at running you reach a point where you achieve what I would describe as a “peaceful pain”.

Work Experience

Founder
Orcam Financial Group, LLC
October 2012 - Present (10 years 9 months)

Orcam Financial Group is a financial services firm offering research, advisory, consulting and educational service

Founder
Pragmatic Capitalism
January 2009 - Present (14 years 7 months)
Founder & CEO
Orsus Investments, LLC
May 2005 - September 2012 (7 years 6 months)
Financial Advisor
Merrill Lynch
August 2003 - May 2005 (1 year 10 months)

Financial Advisor with the Goetzman Group in Alexandria, VA managing nearly $500 million in total client assets.

Education

Georgetown University - The McDonough School of Business
BS/BA
1999 / 2003
Finance

Publications

Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance
Cullen Roche
St. Martin's Press
07/08/2014

Being successful in the modern world of finance requires a more in-depth understanding of our global economies on a macro level. What does a shifting demographic cycle mean? How does the explosive growth of emerging markets matter? Why does the world's population affect my portfolio? Does the global monetary system impact my results this year? How does govt intervention in markets impact my strategy? In Pragmatic Capitalism, Cullen Roche explores how our global economy works and why it is more important now than ever for investors to understand macroeconomics. Roche combines his expertise in global macro portfolio management, quantitative risk management, behavioral finance, and monetary theory to explain to readers how macroeconomics works and provides insights and suggestions for getting the most out of their investment strategies. This book uncovers market myths and explains the rise of macroeconomics and why it impacts the readers' portfolio construction.