You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

BARRY RITHOLTZ

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You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

Barry Ritholtz

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Random

For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation.

BARRY RITHOLTZ

For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation.
BARRY RITHOLTZ

Broken Distort Economist May
History is replete with examples of tech firms that were marginalized by new companies and technologies.

BARRY RITHOLTZ

History is replete with examples of tech firms that were marginalized by new companies and technologies.
BARRY RITHOLTZ
And any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

BARRY RITHOLTZ

And any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
BARRY RITHOLTZ

Doomed Forecast Forecasting Plan
It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future.
BARRY RITHOLTZ

Next Possibly Year
Returnless risk is not how you prepare for a decent retirement.

BARRY RITHOLTZ

Returnless risk is not how you prepare for a decent retirement.
BARRY RITHOLTZ

Retirement
The Boskin Commission… was an act of cowardice. Rather than man up and say fix this, its broken, we can’t afford it.
BARRY RITHOLTZ

Boskin Broken Cowardice
You can blow on the dice all you want, but whether they come up seven is still a function of random luck.
BARRY RITHOLTZ

Random
Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.
BARRY RITHOLTZ

Long Political
If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.

BARRY RITHOLTZ

If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.
BARRY RITHOLTZ

Accountability Dumb Hold Prediction
Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don’t go to zero) and a higher probability of average or better returns.

BARRY RITHOLTZ

Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don’t go to zero) and a higher probability of average or better returns.
BARRY RITHOLTZ

Drawdown Zero
The market is going to love it. The market always seems to applaud major mergers, even though the vast majority of them don’t work out and don’t increase shareholder value.

BARRY RITHOLTZ

The market is going to love it. The market always seems to applaud major mergers, even though the vast majority of them don’t work out and don’t increase shareholder value.
BARRY RITHOLTZ

Majority Mergers Out
Never forget this simple truism: Forecasting is marketing, plain and simple.

BARRY RITHOLTZ

Never forget this simple truism: Forecasting is marketing, plain and simple.
BARRY RITHOLTZ

Marketing never Simple
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.

BARRY RITHOLTZ

One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.
BARRY RITHOLTZ

Accountability Financial Nonsense
I find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation.

BARRY RITHOLTZ

I find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation.
BARRY RITHOLTZ

Stagflation Talking
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

BARRY RITHOLTZ

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.
BARRY RITHOLTZ

Charming Intelligent News Use
Can anyone expect that a step of this kind will improve the quality of our long-term investments?’

BARRY RITHOLTZ

Can anyone expect that a step of this kind will improve the quality of our long-term investments?’
BARRY RITHOLTZ

Anyone Improve

You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

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