Barry Ritholtz is a Bloomberg View columnist writing about finance, the economy and the business world. He started the Big Picture blog in 2003 and is the founder of Ritholtz Wealth Management, an asset management and financial planning firm. Ritholtz was previously the chief executive officer and director of equity research at FusionIQ, a quantitative research firm for which he continues to consult. He is the author of "Bailout Nation" and is a graduate of Stony Brook University and Yeshiva University's Benjamin N. Cardozo School of Law. He lives on New York's Long Island with his wife.
Above all, Silicon Valley’s denizens are capitalists and don’t want to alienate potential customers.
Based on the past, major political events don’t have much effect.
Think there’s too much hoopla about quarterly earnings? Imagine if the circus moved to twice a year.
Two professors make an interesting argument, but the theory of loss aversion isn’t dead yet.
Failing to understand market forces will make matters worse.
There are three overarching issues worth remembering after last week’s economic report.
Levies on steel and aluminum have yet to filter through to prices. But they will.
With a little planning and discipline, it’s actually not that hard.
Inflows have slowed? Actively managed funds would like to have that problem.
Young stars think their careers and big paychecks will last forever. They never do.
Pressures for bigger pay increases are building, but have yet to show up in the data.
Americans are socking away more. It’s still not enough.
Both are based on emotion, which rarely leads to better returns.
Yes, prices are rising faster, but all signs suggest it won’t amount to much.