Never forget this simple truism: Forecasting is marketing, plain and simple.
BARRY RITHOLTZThis is nothing like the 1970’s, which was a pretty dismal period and not just because of polyester and disco.
More Barry Ritholtz Quotes
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This ugly duckling investment will likely need time – quarters, or even years – to blossom into a beautiful swan.
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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.
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Can anyone expect that a step of this kind will improve the quality of our long-term investments?’
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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.
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Returnless risk is not how you prepare for a decent retirement.
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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.
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If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.
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History is replete with examples of tech firms that were marginalized by new companies and technologies.
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Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing…
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This is nothing like the 1970’s, which was a pretty dismal period and not just because of polyester and disco.
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And any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
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One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.
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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.
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Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.
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Salesmen always need something to sell.
BARRY RITHOLTZ






