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.
But they could be made more useful with some simple changes.
Single or rare events should never be used to draw conclusions about, well, anything.
Predictions of job losses and slower economic growth haven’t panned out.
He showed that average returns were fine, keeping costs low was crucial and putting investors first was paramount.
They actually do OK figuring out what to buy. But they need to do a better job unloading stuff.
Asset managers story-telling rationale for stock picks harkens to days long past in the investing universe.
Decent wage gains are showing up in paychecks. That should continue for a while.
There’s merit in going back and seeing what we got wrong.
Making a huge change in your life is hard. So go small in 2019.
It wasn’t smart to dump a dovish Fed chief, run up the deficit and start a trade war. Trump did all three.
Every year, the prognosticators come out of hiding. You have to wonder why they bother, given their record.
Partisanship should have no place in a corporate-credit rating. A new study says it does.
A Paul Volcker memoir, a Michael Lewis nonfiction thriller and a Pulitzer Prize winning history of the “American Sea.”
Jack Bogle, the Vanguard founder, has it wrong: The financial-services industry does add value to the economy.
Beware of those who claim they have a strategy to capture the upside of market volatility and avoid the downside.