All Segments
Don't Impose Your Wants On the Market
2 segments available
"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
Segments Timeline
The Illusion of Nostalgia and Future Hopes
Barry Ritholtz discusses how our perceptions of the past and future influence our financial decisions. He highlights the tendency to impose our desires, such as buying a dream house or seeking high-return stocks, onto the market. Instead of expecting the market to fulfill these wants, he emphasizes the importance of focusing on the present and planning for future financial needs.
"the past is just tinged Recollections and faulty memories with the Rosy Glow of nostalgia and the future is a lot of our hopes and dreams and wishful thinking and those two elements dramatically impac..."
Learning to Time Travel Financially
In this segment, Ritholtz introduces the concept of 'time traveling' in financial planning. He encourages viewers to envision their financial needs 15 to 20 years into the future, stressing that understanding these future needs is crucial for effective retirement planning. This perspective shifts the focus from immediate desires to long-term financial security.
"doesn't do instead of just saying hey there's the here and now and 20 years from now future Barry will need money to live on in retirement you have to learn how to time travel and the way you time tra..."