Excellent presentation here on valuation and leverage and their relationship to the business cycle. It’s a bit mundane and wonkish, but could make for a good Sunday morning read….
Publish at Scribd or explore others:
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.