History is replete with examples of tech firms that were marginalized by new companies and technologies.
BARRY RITHOLTZSalesmen always need something to sell.
More Barry Ritholtz Quotes
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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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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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Salesmen always need something to sell.
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Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again.
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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.
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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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Can anyone expect that a step of this kind will improve the quality of our long-term investments?’
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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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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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Returnless risk is not how you prepare for a decent retirement.
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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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This ugly duckling investment will likely need time – quarters, or even years – to blossom into a beautiful swan.
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The Boskin Commission… was an act of cowardice. Rather than man up and say fix this, its broken, we can’t afford it.
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Never forget this simple truism: Forecasting is marketing, plain and simple.
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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.
BARRY RITHOLTZ