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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.

Barry Ritholtz

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.
BARRY RITHOLTZ

Errors Happened Investor Luck Mistake Prefer
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
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
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

Afford Boskin Broken Cowardice Man
Salesmen always need something to sell.
BARRY RITHOLTZ

Need Salesman Sell Something
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 Myself Prediction Trash
This ugly duckling investment will likely need time – quarters, or even years – to blossom into a beautiful swan.
BARRY RITHOLTZ

Beautiful Duckling Swans Ugly
This is nothing like the 1970’s, which was a pretty dismal period and not just because of polyester and disco.
BARRY RITHOLTZ

Nothing Period Polyester Prett
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
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
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
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
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
Never forget this simple truism: Forecasting is marketing, plain and simple.
BARRY RITHOLTZ

Forget Marketing never Simple
Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.
BARRY RITHOLTZ

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

Decent Prepare Retirement Risk

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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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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