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 RITHOLTZFor 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 RITHOLTZReturnless risk is not how you prepare for a decent retirement.
BARRY RITHOLTZIf I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.
BARRY RITHOLTZCan anyone expect that a step of this kind will improve the quality of our long-term investments?’
BARRY RITHOLTZSalesmen always need something to sell.
BARRY RITHOLTZUnlike 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 RITHOLTZKeynes 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 RITHOLTZAnd any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
BARRY RITHOLTZThe Boskin Commission… was an act of cowardice. Rather than man up and say fix this, its broken, we can’t afford it.
BARRY RITHOLTZThis is nothing like the 1970’s, which was a pretty dismal period and not just because of polyester and disco.
BARRY RITHOLTZI find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation.
BARRY RITHOLTZExcessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.
BARRY RITHOLTZThe 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.
BARRY RITHOLTZHistory is replete with examples of tech firms that were marginalized by new companies and technologies.
BARRY RITHOLTZNever forget this simple truism: Forecasting is marketing, plain and simple.
BARRY RITHOLTZIt 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