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.
No. 1 is pretty straightforward, if not so easy to follow: Don’t panic.
Despite some pockets of excess, valuations today are nothing like those of the dot-com era.
Some tech businesses are responding to market signals the wrong way, writes Barry Ritholtz.
The question is whether it’s saying anything meaningful about the odds of recession.
The National Retail Federation presents as fact information that’s nothing more than guesswork.
These pools of investment capital don't have to provide much in the way of transparency.
The former code breaker and math professor figured out how to do one thing very well in markets.
The expansion and bull market are aging and the data no longer point in just one direction.
Hedge funds and natural resources underperformed. New investments in private equity look no better.
Ignore the hype. Actively managed money dwarfs the assets in low-cost index funds.
It's not just the quantity of money that’s the issue, it's the concentration of all that capital.
Companies will have to prove they’re committed to goals beyond maximizing shareholder value.
Presidents usually get too much blame for economic slowdowns. This time is different.
The reforms adopted after the financial crisis didn’t resolve the industry’s inherent conflicts.
Any gains are attributable to a relative handful of companies.