Barry Ritholtz — Make Fewer Errors, Make More Money | Episode 261 My friend Barry Ritholtz has spent his career being an astute market observer, investigating behavioral finance and data analytics. He runs Ritholtz Wealth Management which has been named ETF Advisor of the Year, Financial Times Top 300 Advisors, and one of America’s fastest-growing RIAs. He’s also the host of Masters in Business, Bloomberg Radio’s most popular podcast (50+ million streams/downloads), which he started way back in 2014. In his new book, How Not To Invest, Barry emphasizes how avoiding rookie mistakes can significantly help you do better financially. He blends engaging stories with data-driven insights, and explores overlooked aspects of behavioral finance, psychology and the market. Reading his book is like having a casual drink with an experienced, wise, and honest friend. I hope you enjoy this conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, “Hmm, that’s interesting!”, check out our Substack - https://8ca54796.streaklinks.com/CJPd0z7cXCh07hc4JAiMaKTC/https%3A%2F%2Fnewsletter.osv.llc%2F. Important Links: - Blog - https://ritholtz.com/ - Twitter - https://x.com/ritholtz - LinkedIn - https://www.linkedin.com/in/ritholtz/ - Ritholtz Wealth Management - https://www.ritholtzwealth.com/ Show Notes: 0:00:00 Intro 0:00:43 Main podcast 0:04:36 How Amateurs Win 0:11:36 Managing Emotions When the Market Goes Down 0:22:02 If You Can't Afford a Financial Advisor Yet... 0:37:25 Notable Financial Innovations 0:48:35 Barry’s Transition from a Trader to an Investor 1:01:17 Varieties of Investor Personas 1:07:02 What to Do When Randomness Derails Your Plans 1:13:37 Finding Your Own Maintainable Processes 1:17:43 Having Reliable Information Sources 1:25:03 Barry As World Emperor Books Mentioned: - How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth - And How to Avoid Them; by Barry Ritholtz - Winning the Loser’s Game; by Charley Ellis - How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life; by Thomas Gilovich
"I like to tell clients you have to learn how to time travel... what's the world going to be like in 15, 20 years? What are your financial needs going to be like?" ~ Barry Ritholtz on anticipating the future instead of expecting the market to work in your favour... Full video: https://www.youtube.com/watch?v=Yy4O5Sf6PFg
"Two guys going off to World War I..." This is not the beginning of a joke, but the beginning of a wonderful story about compounding... Barry Ritholtz explains how time can turn $1000 dollars into $32million+ Full video: https://www.youtube.com/watch?v=Yy4O5Sf6PFg