Barry Ritholtz Quotes
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Most of Google's home technologies have failed to catch on in a major way.
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No one knows what the top-performing asset class will be next year. Lacking this prescience, your next-best solution is to own all of the classes and rebalance regularly.
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In social media, people cannot build big followings organically unless what they are putting out to the world has value.
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Hedge funds are not especially liquid. Many are 'gated' - meaning there are only small windows when you can withdraw your money. They typically have a high minimum investment and often require investors keep their money in the fund for at least one year.
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In the investment business, you must expect to be wrong.
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Google's founders have had a good eye for imagining what technologies will be significant in the near future. No one asked Google to develop self-driving cars, but it helped them with street views for Google Maps.
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We love a tale of heroes and villains and conflicts requiring a neat resolution.
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We must recognize our own behavioral errors. To be blunt, you are not likely to become a cognitive Zen master anytime soon. But a little enlightenment could keep you from making some common investing errors.
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Once you research an idea, you begin to develop a perspective. Writing about anything in public, often in real time, has helped fashion my views.
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What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.
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How are the cabs in your city? In Manhattan, where I work, they are rather awful.
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Twitter has become a group conversation of that type that used to take place on trading floors.
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Investors tend to discover 'hot' mutual fund managers just after a successful run and just before the inescapable force of mean reversion is about to kick in.
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Gains in corporate profits depend in large part on accelerating global economic growth.
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One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.
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The beauty of diversification is it's about as close as you can get to a free lunch in investing.
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Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term to describe portfolios that have been assembled for purposes other than serving the clients' best interests.
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The data strongly suggest that very good years in the U.S. stock market are followed by more good years.
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The simple reality of life is that everyone is wrong on a regular basis. By confronting these inevitable errors, you allow yourself to make corrections before it is too late.
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Good investors must learn to contextualize the daily background noise.
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A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.
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Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not.
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There is a shortage of doctors, and the American Medical Association is aiming to keep it that way.
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As investors, we want to believe we are smart, insightful and uniquely talented - even though we often fail to do the heavy lifting, put in the long hours, and make the uncomfortable but necessary decisions to achieve success.