Today’s guest is Barry Ritholtz, CIO of Ritholtz Wealth Management, which manages over $5.7 billion for 3,900 families. His latest book, ‘How Not to Invest,’ offers a blueprint to help you make better decisions and achieve financial success.
In today’s episode, Barry & I discuss the pitfalls of relying on experts for investment advice, the dangers of panic selling, the allure of following investment gurus, and the value of meaningful experiences over material possessions.
(0:00) Starts
(1:34) Introduction of Barry Ritholtz
(3:37) Barry's experience hosting Masters in Business
(8:17) The danger of trusting experts
(22:14) The importance of fiduciary advice
(27:30) Mental accounting and regret minimization
(33:36) Overconfidence, risk, and uncertainty
(44:50) Navigating market crises
(51:15) The future of Ritholtz Wealth Management
(57:24) Barry's take on AI
(1:03:27) Barry's most memorable investment
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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
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