The Psychology of the Bubble

It's all self-taught because everybody else was doing it wrong and being really annoying about it. So I don't have an economics background, but the psychology of the game theory behind what becomes a bubble is fascinating. The first block of transactions is literally called the Genesis block. How much more biblical can you get than that? Maybe this works out and we all look back and say, why don't we just throw 10% of our net worth into it? Or maybe the thing crashes and burns and people say, how much money these idiots lose to it?

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My guests this week don't need to be introduced. In celebration of the one year anniversary of invest like the best, I asked Josh Brown, Mike Batnick, and Barry Ritholtz to join me for a hour, during which I spent more time laughing than asking questions.

I chose this team because they are the pioneers of mold breaking honesty and personality in our industry. They all figured out that just being themselves yields incredible results. This is a strategy that everyone should try, but very few do. Honesty and transparency require vulnerability, which is hard for most of us. I still struggle with it. But the evidence is in. The Ritholtz team has grown as fast as almost any RIA. Listen to this and tell me you wouldn't want to spend your career working with people this friendly, funny and open. Hell, I want to give them some money just so I have an excuse to drop by more often.

Thanks to everyone who has listened in the past year. We are past 1.25mm listens, and growing fast. You own this thing as much as I do, because the size helps me penetrate deeper and get the best people, which begets more listeners. This podcast is one hell of a discovery machine, and the first year was our warm up. We have a ton of new angles, formats, and events coming in year two. Stay tuned. But first, time to laugh in celebration of year one. Please enjoy my conversation with team Ritholtz

For comprehensive show notes on this episode go to http://investorfieldguide.com/ritholtz

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Links Referenced

Barry @ritholtz on twitter

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Show Notes

2:35 – (First question) – What stock best represents you