Neil Koenig TV Producer and Journalist interviews David Roche, Founder of Independent Strategy.
Neil Koenig comments:
From Communist Russia To Quantum Economics
The great financial crisis that began in 2007 mostly took the world by surprise. And the main reason why so few experts saw it coming, says the global investment strategist David Roche, is that most of our existing tools for analysing how economies work are “useless”. He argues that fresh ideas are needed, building on insights drawn from other fields of study, such as quantum physics.
David Roche Forecasted Major Turning Points In Global Markets
He is well placed to make such a case, having forecast some of the major turning points that have affected global markets, such as the demise of the Soviet Bloc and the subsequent fall of the Berlin Wall, and the financial crisis that swept Asia in the late 1990s. David Roche grew up in County Kildare in Ireland. He holds an MA from Trinity College, Dublin and an MBA with the highest distinction from INSEAD. He is also a Chartered Financial Analyst and has a diploma in accounting and finance from the UK’s Association of Certified Accountants. In his youth he spent time in various countries, including a period in what was then known as the USSR.
Career In Investment Strategy
He says he fell into a career in investment strategy “by accident”. After a spell working for JP Morgan, he joined the multinational financial services enterprise Morgan Stanley, where he was Head of Research and Global Strategist. In 1994, after leaving Morgan Stanley, he founded Independent Strategy, an investment research firm which provides advice to institutional investors and governments. He often contributes to many top financial publications and is also a regular commentator on the BBC, Bloomberg TV and CNBC television networks. He is also the author of several books, including “New Monetarism”, “Sovereign DisCredit!” And “DemoCrisis”.
Human Behaviour Is Not Consistent, Stable and Predictable
For David Roche, “the first thing that’s wrong with [conventional] economics is consensus thinking”. The traditional view, he explains, is that human behaviour is consistent, stable and predictable – whereas in fact it is “disruptive”. In this interview he explains why getting to grips with the baffling worlds of quantum physics and mechanics may help economists and forecasters to build models that better reflect the incoherence of today’s economic scene.
Credits: Video host, video editing and text by Neil Koenig. TV Producer and Journalist and ideaXme board advisor.
David Roche Links:
Twitter: @daithideroishte
Neil Koenig Links:
Twitter: @neilkoenig
If you enjoyed this interview, please check out Neil Koenig’s interview with Keith Clarke CBE: Decarbonise Or Get Left Behind!
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