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.
Tariffs, trade wars! So what? This is what he promised as a candidate.
The key is knowing which ones are subject to human intervention.
The higher fees offset sporadically better returns.
The notion that government statistics vastly understate personal wealth is absurd.
The richest offer life lessons about how they got where they are.
A book about a mass murder that helped give rise to the FBI is among those on the list.
A series of questions and answers can help.
Thinking outside the box probably is a mistake.
The options are to openly examine past mistakes and learn, or avoid a reckoning and repeat them.
The industry had been paid a fortune for underperformance. That’s changing.
States and cities are improving rail lines, airports and electrical grids.
The number of cars for hire didn’t rise with demand. What would you expect?
Many folks don’t believe the multi-decade run of lower interest rates has ended.
Be aware and be realistic. But most of all, diversify.
His net worth might be as much as 100 billion times that of many Amazon workers.