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.
They neither outperform in bull markets nor offer insurance against bear retreats.
Like backing off a cliff while taking a photo, excessive fees are among the things we don't think about that might kill you.
Something's not right when the most profitable companies can avoid paying their share.
The levy is portrayed as a big threat to family businesses and farms, though almost no one pays it.
Many of us are sure disaster awaits, even though that almost never happens.
Those who try to divine the future would do a better job with a few simple changes.
If spending $5 a day on fancy coffee puts your retirement at risk, you’ve got big problems.
Deferred profit-sharing is the better way to think of the annual payouts.
The country’s roads and bridges are in dismal shape. Finding the money to fix them shouldn’t be this hard.
Arguments that they lack transparency or may be subject to manipulation are largely off base.
The real questions is, how long are you willing to live with it?
Financial firms introduced a slew of products that didn’t charge fees last year. Investors yawned.
The mortality rate for exchange-traded funds is high. A catchy ticker symbol can help.
Instead of restricting share repurchases, expand the pool of people with a stake in markets.
The number of 401(k) millionaires fell by 28 percent in the fourth quarter of 2018 alone.