Hayman Advisors always has some provocative and sometimes scary opinions on the market. If you missed their earlier letters I highly recommend taking a look here.
* Thanks to reader DanH for sending this our way.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.