Excess Returns Money Delusions: Barry Ritholtz on the Elusive Definition of Money and How Not to Invest It
9 snips
Mar 7, 2025 
Barry Ritholtz, author of "How Not to Invest," dives into the psychology behind money and investing. He reveals that money should be viewed as a tool for personal freedom, not just as wealth. Childhood experiences heavily shape our money attitudes and behaviors. Ritholtz discusses the impact of market crashes across different life stages and warns against misinformation from social media. He advocates for humility in financial decision-making and highlights the importance of diversifying investments to avoid common pitfalls.
AI Snips
Chapters
Books
Transcript
Episode notes
Money as a Tool
- Money is a tool for freedom and agency, not an end goal.
- Its greatest value lies in enabling you to focus on what you want.
Keep Money Moving
- Invest your money actively instead of letting it sit idle.
- Money works best when it's in motion, generating returns or value.
Family Finances
- Barry Ritholtz and his siblings have different relationships with money due to their varied childhood experiences.
- These experiences significantly impact their financial behaviors and attitudes.
