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b'The USA debt rating is CUT!\\n\\nMost earnings are out and we have the results.\\n\\nWeekly oil inventories \\u2013 largest draw-down EVER!\\n\\nGuest \\u2013 Cullen Roch founder of Discipline Funds, helps us navigate risk.\\n\\n\\n\\n\\n\\n\\n\\nMr. Roche founded Discipline Funds to help investors obtain access to low fee, diversified portfolios that help them stay the course and meet their financial goals.\\n\\nCullen\\u2019s primary areas of expertise include global macro portfolio construction, quantitative risk management, monetary economics, financial accounting and behavioral finance. Prior to establishing his own business, Cullen worked at Merrill Lynch Global Wealth Management where he worked on a team overseeing $500MM+ in assets under management. Upon leaving Merrill Lynch, Cullen managed a private investment partnership which took advantage of reporting irregularities ahead of major corporate events. The strategy generated substantial positive alpha (high risk adjusted returns) without a single negative year of returns from 2005-2011. He formed Orcam Financial Group in 2012 to help better serve the much needed retail space with sophisticated but low fee asset management and financial planning services.\\n\\nCullen is also a prolific writer. In addition to the weekly musings on his website Pragmatic Capitalism, he is the author of the popular book Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance as well as \\u201cUnderstanding the Modern Monetary System,\\u201d one of the top 10 all-time most downloaded research papers on the SSRN academic research network. He is also the author of the popular white paper \\u201cUnderstanding Modern Portfolio Construction.\\u201d He was named one of the \\u201cTop Wall Street Economists, Experts and Opinion Leaders\\u201d of 2011 by Wall Street Economists and was named one of the \\u201c101 Best Finance People\\u201d by Business Insider, where he was described as \\u201cone of the most influential economic thinkers today.\\u201d In 2015, Cullen was named one of the \\u201c40 Under 40\\u201d most influential people in finance by InvestmentNews. He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.\\n\\nCullen is a Georgetown University alumnus, growing up in the DC area and now living in Southern California with his family, troublesome pup Callie and flock of chickens.\\nFollow @CullenRoche\\n\\n\\n\\nCheck this out and find out more at: http://www.interactivebrokers.com/\\n\\n\\n\\nFollow @andrewhorowitz\\n\\n\\n\\n\\xa0Stocks mentioned in this episode: (AMD), (TUP), (YELL)'