And any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
BARRY RITHOLTZExcessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.
More Barry Ritholtz Quotes
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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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This ugly duckling investment will likely need time – quarters, or even years – to blossom into a beautiful swan.
BARRY RITHOLTZ -
You can blow on the dice all you want, but whether they come up seven is still a function of random luck.
BARRY RITHOLTZ -
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 -
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 -
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 -
Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.
BARRY RITHOLTZ -
History is replete with examples of tech firms that were marginalized by new companies and technologies.
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.
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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.
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.
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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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Returnless risk is not how you prepare for a decent retirement.
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I find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation.
BARRY RITHOLTZ -
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…
BARRY RITHOLTZ