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Salesmen always need something to sell.

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

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

Anyone Improve Investment Kind Quality Step
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 Men
Returnless risk is not how you prepare for a decent retirement.
BARRY RITHOLTZ

Decent Prepare Retirement Risk
History is replete with examples of tech firms that were marginalized by new companies and technologies.
BARRY RITHOLTZ

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

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

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

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

Forget Marketing never Simple
This ugly duckling investment will likely need time – quarters, or even years – to blossom into a beautiful swan.
BARRY RITHOLTZ

Beautiful Duckling Swans Ugly
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

Country Debate Intellectual Losing People Person
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 Investment Plan
Salesmen always need something to sell.
BARRY RITHOLTZ

Need Salesman Sell Something
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

Important Next Possibly Year

Salesmen always need something to sell.

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Salesmen always need something to sell.

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