Rabbithole with Dave Nadig Money Delusions: Barry Ritholtz on the Elusive Definition of Money and How Not to Invest It
In this initial episode of Rabbithole, Dave Nadig explores the psychology of money and investing with Barry Ritholtz, author of "How Not to Invest."
Their conversation challenges conventional financial wisdom and reveals insights about what money is, and how we use and invest it.
Key topics include:
Why money is a tool for freedom and agency, not a store of value or end goal
How childhood experiences shape our lifelong money behaviors and attitudes
Why market crashes affect us differently at various life stages
The dangers of algorithmic social media and information overload for investors
Why avoiding mistakes is more important than chasing extraordinary returns
Rethinking Bitcoin and other investments through better framing
The wisdom of humility in financial decision-making
Barry shares candid personal stories and draws on decades of experience as a trader, strategist, and wealth manager to identify the ideas, numbers, and behaviors that typically destroy wealth.
Buy Barry's Book
https://amzn.to/3F7APZP