Barry Ritholtz, the co-founder, chairman, and chief investment officer of Ritholtz Wealth Management and the host of the Masters in Business podcast, joins Scott to discuss his new book, How Not to Invest: The Ideas, Numbers, and Behaviors that Destroy Wealth and How to Avoid Them. They unpack why diversification is both boring and sexy, whether the U.S. market is overvalued, and if the alternative investment industry is one of the biggest grifts in economic history. Follow Barry, @Ritholtz. Order Algebra of Wealth now! https://www.amazon.com/Algebra-Wealth-Formula-Financial-Security/dp/0593714024 Please support this channel by subscribing here: www.youtube.com/@TheProfGPod Want more Prof G? Check out everything we're up to at https://profgmedia.com/ #scottgalloway #portfolioshare #finance #diversifiedportfolio #ecnomics #economical #tech #stockexchangetrading #strategy # #inspiration #investing #investment #stocks #stockmarket #trumpadministration #economy #subscribers #podcastshow #practice #profg
Charlie Ellis
Compared investing to tennis; professionals win by scoring, amateurs lose by unforced errors.
Charlie Munger
Noted that Munger said success comes from being less stupid than others.
Daniel Kahneman
Referenced Thinking Fast and Slow regarding emotional decision making.
William Bernstein
Cited as a neurologist and doctor turned investor regarding the limbic system.