Barry Ritholtz Quotes

75 quotes in 1078 categories

• Content is king. When you are asking people to read you several times a day, you better have some fine content.
• Any time you speak to people about their posture, you learn about their most recent investment activity. When someone just bought stocks, they tend to…
• Mutual fund managers want your money in their funds. They get paid based on assets under management.
• Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of…
• TV producers want ratings and are willing to do nearly anything to get them. They gin up artificial conflicts and create an urgency for even…
• The data strongly suggest that very good years in the U.S. stock market are followed by more good years.
• Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling.
• To know whether stocks are cheap or pricey, we typically look at price-to-earnings ratio. Valuation is a tougher question than many folks realize.
• Gains in corporate profits depend in large part on accelerating global economic growth.
• Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.
• Active management leads to lots of poor investor behavior. It sends people chasing after whoever has the hot hand at the moment.
• The consumption and production of energy is a major component of the global economy.
• How are the cabs in your city? In Manhattan, where I work, they are rather awful.
• In New York, the former lack of real competition allowed taxis to extract excessive charges, regardless of the poor service.
• The way we finance homes in this country is slow, filled with middlemen, who run a nonstandardized evaluation process. This makes financing a home cumbersome…
• There is a shortage of doctors, and the American Medical Association is aiming to keep it that way.
• History shows us that people are terrible about guessing what is going to happen - next week, next month, and especially next year.
• Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.
• Never forget this simple truism: Forecasting is marketing, plain and simple.
• The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

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