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.
Investors should remember that finance history is replete with terrible market calls by very wealthy people.
We're seeing the same blind spot: a pre-crisis dependence on the wrong data set of post-World War II recessions.
Academic evidence suggests that investor education is at best an uphill battle, and at worst a big waste of time.
Should the Fed have saved Lehman Brothers? The question is being hotly debated once again.
Share price isn't a very precise way of compensating for value delivered.
Some analysts mistakenly define a recession as two or more quarters of negative economic growth.
The U.S. continues to be in a post-credit-crisis recovery, which means more de-leveraging is to come.
It isn't so much the shock that causes a recession, but rather the state of the economy when the shock occurs.
In the aftermath of the Brexit vote, there is evidence that people didn’t fully understand what they were voting for.
It's disconcerting how easily ordinary folks can be confused by nonsense—and not just in the U.K.
The reason I love to write about gold is because it offers so many lessons about investors' behavioral errors.
This argument about the source of the financial crisis really should have been put to rest long ago.
Here's a question for investors: Is Wall Street creating too many products?
The number of people giving up their U.S. passports is up, but it's still a tiny percentage of all Americans.
Saudi Arabia is about to confront a serious challenge: Where and how to invest the money in a gigantic new sovereign wealth fund.