The Long Term Investor

Barry Ritholtz, founder and chief investment officer of Ritholtz Wealth Management and author of How Not to Invest, dives into critical investment misconceptions. He discusses the pitfalls of relying on financial forecasts and how sensational headlines can mislead investors. Ritholtz emphasizes the importance of humility and skepticism while interpreting advice from financial celebrities. He also shares practical strategies to control emotional biases and the value of seeking professional financial guidance. Tune in for his engaging anecdotes and actionable insights!

Get updates for my new book: https://Theperfectportfoliobook.com  -----  Is there such a thing as a perfect portfolio?    In this short solo episode, Peter Lazaroff shares exciting news—his next book, The Perfect Portfolio, is coming in late 2026. Peter offers a behind-the-scenes look at what inspired the book, how it builds on timeless investing lessons, and why it’s designed to help you build a strategy you can actually stick with.   Get early access to exclusive content, excerpts, and updates at ThePerfectPortfolioBook.com. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.

Bob Pisani, Senior Markets Correspondent at CNBC, shares his 25+ years of experience on the NYSE floor. He discusses how electronic trading and ETFs have transformed investing and reveals why most investors struggle with market forecasting. Bob recounts personal tales from significant market crises like 9/11 and the 2008 crash, emphasizing the need for calm during volatility. He also sheds light on common investment pitfalls, the importance of curiosity, and the value of ongoing education in navigating financial challenges.

Dive into the concept of TACO investing, where political volatility creates market chaos. Learn why headlines often lead to overreactions and the vital difference between market movements and economic health. Discover strategies to maintain a long-term investment focus amid uncertainty. Explore how tariff announcements and policy shifts impact stock prices and why adapting to these changes is essential for recovery. Gain insights into the mindset required for thriving during turbulent times, including diversification and understanding economic indicators.

Brian Portnoy, a behavioral finance expert and author of 'The Geometry of Wealth', discusses a transformative approach to investing that prioritizes storytelling and emotional intelligence. He introduces a powerful five-step framework for financial advisors navigating market volatility. Portnoy highlights the evolution from classical behavioral finance to a more human-centered model, emphasizing the significance of empathy and better questioning. He also explores how AI can enhance client interactions while maintaining a personal touch in financial advice.

Navigating retirement during market turbulence can be challenging, but there are effective strategies to ease the anxiety. Discover the importance of having a solid financial plan and how a cash cushion can protect your investments. Bonds play a crucial role in maintaining portfolio stability, especially for those transitioning to retirement. The conversation also emphasizes the value of professional guidance to effectively manage withdrawals. Learn how to evolve your investment strategy to thrive, even when the market is unpredictable.

Mark Higgins, author of "Investing in U.S. Financial History", shares insights into how understanding historical market crashes can give investors an edge. He discusses the surprising parallels between past crises and today's economic climate. Higgins emphasizes the importance of investor psychology and warns against emotional decision-making. He explores how politics and inflation have shaped market behaviors historically. With pragmatic lessons drawn from financial history, he guides listeners on building resilient long-term portfolios.

Discover where your money really goes with a handy Cash Flow worksheet! Explore the debate between income-focused and total return investing. Learn why relying solely on dividends might increase your risks. Uncover how a total return strategy can offer more flexibility and sustainability for your retirement. The conversation dives into behavioral traps of the income-only mindset and offers practical strategies for retirees to optimize their portfolios while navigating market fluctuations. Embrace a more secure financial future!

Fran Kinniry, a Senior investment executive at Vanguard known for his expertise in private investments, joins the conversation to dissect the allure of private equity and credit. He discusses the trend of companies remaining private longer and the implications for public markets. Kinniry emphasizes the significance of understanding the illiquidity premium and the criticality of manager selection for successful private investing. He also explores how these assets might one day find a place in retirement plans, reshaping investment strategies for the future.

Where is your money really going? Most people are surprised when they track it. Use my Cash Flow worksheet to see exactly where your money is going—and how to make it work for you. Download it now. ----- When markets drop, many investors wonder if it’s time to take action—and “buying the dip” sounds like a smart move. But is it really? In this episode, I break down when buying the dip makes sense, who should consider it, and the math behind why downturns can offer some of the best opportunities for long-term investors. Listen now and learn: ► How often market declines actually occur—and why they’re totally normal ► A powerful equation that reframes expected returns based on recovery time  ► Specific strategies for buying the dip during both accumulation and retirement phases  ► The biggest mistakes investors make when trying to time the market Whether you’re saving for retirement or already living off your portfolio, this episode will help you understand how to take advantage of volatility—without abandoning your plan. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.