Intelligent Investing w/Steve Forbes
By Barry Ritholtz - March 19th, 2009, 12:15PM
click for video
via Forbes
>
Previously
Wait a Second, Monkey Boy . . . (March 14th, 2009)
http://www.ritholtz.com/blog/2009/03/monkey-theory-of-investing/
Sources:
Intelligent Investing with Steve Forbes
Forbes, March 6, 2009
http://www.forbes.com/2009/03/13/barry-ritholtz-recession-intelligent-investing-video.html
http://images.forbes.com/media/pdfs/2009/ii/Ritholtz_Briefing_Book.pdf
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March 19th, 2009 at 12:22 pm
You looked like you were struggling to remain serious
March 19th, 2009 at 12:35 pm
I wanted to go even more lighter and amusing — but he is a serious guy, and the setting provided some gravitas. . .
March 19th, 2009 at 1:06 pm
Barry was wishing he was interviewing with Liz again. :-)
March 19th, 2009 at 1:42 pm
Barry,
your being in the same room with Forbes raised his IQ 50 points….
I am more conservative than most of your readers, but Forbes is a mental midget…he should thank his lucky stars every night that his father had plenty of juice…
Bruce in Tennessee
March 19th, 2009 at 1:55 pm
Although every April 15th it’s easy to like the Flat Tax – just for the simplicity of the arithmetic*.
*LB is joking and doesn’t support retrogressive taxation or any form of retaliation against AIG FP employees.
March 19th, 2009 at 1:56 pm
I enjoyed the video. Wish you would discuss your perspective on the market like this more often.
March 19th, 2009 at 2:11 pm
Why are you all knocking Steve Forbes’ intellect? The man is a walking, talking parallel processor.
He has a universe of 3 different thoughts, and is able to keep any 2 of them in his mind at one time.
March 19th, 2009 at 2:45 pm
“He has a universe of 3 different thoughts”
Flat Tax, Trickle Down Economics and …. um ….
March 19th, 2009 at 2:46 pm
Well, I couldn’t hear a word Barry said as I was so focused on how handsome he was… and finely suited, royal tie and all, wow. I bet his socks even matched his trousers.
March 19th, 2009 at 3:15 pm
The funny thing is, I wasnt wearing pants
March 19th, 2009 at 3:29 pm
@BR: Too much information. I would think you’d save the pantless appearance for Liz.
March 19th, 2009 at 3:41 pm
Good thing there’s a thumbnail of Barry under the title. When I read the title, almost laughed and skipped the post.
March 19th, 2009 at 3:41 pm
Barry, you’re a great blogger, but really, even a better o’piner. You really should have your own radio or CNBC show. It’s not just informative, but it’s pretty entertaining to watch you too. I’m surprised those stars haven’t aligned yet for you. It’s obviously a natural born gift.
March 19th, 2009 at 3:41 pm
Mannwich, you beat me to it.
And oh boy, you and lefty are on the Lizard brain today. Liz-ard, get it? Guffaw, guffaw.
@Bruce: You are hardly conservative by any standards. This blog attracts the most left-wing cretins in the economic blogosphere. We even have The Liberal Libertarian, Mark E. Hoffer. It must have something to do with Barry “Pantless Proprietor” Ritholtz.
March 19th, 2009 at 3:47 pm
AIG bonuses to be taxed at 90% and that’s before the state takes a bite… a small victory.
Good work bringing this into the light, Barry. Yet again, the blogs act as a viral vector to “transfect” or introduce ideas to the mainstream media (which are not intelligent enough to have their own).
“Lizard brain today”, I watch Faux Business Channel for the content. Really…
March 19th, 2009 at 3:52 pm
What I really want to know is why and how Steve Forbes doesn’t ever seem to blink. Is he really human?
March 19th, 2009 at 3:53 pm
By the way, Ritholtz, since you are among the proletariat on this thread, did you at any time you were on CNBC have the urge to punch Voodoo Art Laffer? I know you liked Old Man Kudlow and Luskin and the little Ewok were annoying, but Laffer killed America. Surely, it must have crossed your mind.
I’ll take your non-response as a yes.
March 19th, 2009 at 4:09 pm
of course he wasn’t wearing pants, he had to “Get Briefed”.
@mannwich:
Agreed. Just watched the whole video end-to-end and NOT ONE BLINK!
@leftback:
the AIG bonuses makes me afraid…very afraid. I think it’s been posted in other threads but the brouhaha over the bonuses seems like a smokescreen to me. What are we not hearing about?
March 19th, 2009 at 4:22 pm
Either Forbe’s crosseyed or he’s problem reading off the screen (introduction). I’ld rather listen to Forbes than watch him.
March 19th, 2009 at 4:26 pm
@super_trooper: No, he’s like that all the time. I noticed it back in the day when he ran for prez and it hasn’t changed since then. Weird.
March 19th, 2009 at 4:27 pm
uneekconstraint:
Of course what were not hearing about is the $1 Trillion being used to keep interest rates low to punish those who were and are smart enough not to invest in risky assets, and to reward those who screwed up.
Bernanke is killing a lot of oldsters who depend on interest from CD’s or even treasuries. Those who were in stocks got killed last year. Those who weren’t in stocks get killed this year. But Goldman will be saved and it’s partners will prosper.
March 19th, 2009 at 4:38 pm
That’s the ticket, Mike. It’s bend over time for the thrifty and solvent.
Time to get on the R train™ before it leaves the station.
All aboard!
March 19th, 2009 at 4:42 pm
I’m still on the D train, lb. Waiting for the right time to hop off for good. Not yet. Too much deleveraging and job losses yet for the R train. In time though. In due time.
March 19th, 2009 at 5:12 pm
Monkey Boy,
this was a real good interview. Nice job. Nice purple tie.
March 19th, 2009 at 5:19 pm
BR,
I hope you noticed, above, the Market belloweth anew..
Time to unwrap BRIPTV, you have legions of fans you haven’t even thought of, yet..
March 19th, 2009 at 5:20 pm
“I’m still on the D train”
Paul Kedrosky and Paul Kasriel/Asha Bangalore, among others, have proposed a W-shaped recovery.
In this model, reflation and $ devaluation restore a modicum of growth.
At some time later, inflation bites down on the recovery as rates are forced to rise.
The true recovery can only follow during the subsequent easing of policy.
Deleveraging is assumed to proceed through the first three phases of this W.
I believe that the Leftback Bottom at 666.79 marked the bottom of the left hand side of the W.
Look at gasoline, TIPS, crude and gold. Mustard seeds for reflationists.
Karen must be awash in profits after that surge in the yellow metal.
Here at Schadenfreude Asset Management we were long of oil from $35 or so. Splendid.
March 19th, 2009 at 5:36 pm
Barry Ritholtz Says:
March 19th, 2009 at 3:15 pm
The funny thing is, I wasnt wearing pants
I guess you go from Monkey Boy to Thong Boy….
Is that the image you had, Karen?
March 19th, 2009 at 5:46 pm
Not quite, Bruce, not quite. : )
March 19th, 2009 at 7:45 pm
Barry, I like to listen to what you have to say, but to have to go through Forbes’, extreme hard-right, John Boehner-like diatribe almost made me sick. Thanks for the input.
March 19th, 2009 at 7:48 pm
No wonder Forbes looked like a pedophile in a elementary schoolyard. He was licking his lips Barry. No pants?? Ewww! Liz without pants, Nice!
Sorry to all the female bloggers, I know it’s pathetic, but I’m just a monkey!!
Nicely done, I like how Forbes let you talk without trying to put words in your mouth or talk over you. The expression he made looking off set on your GS comments was classic.
Well Done!
March 19th, 2009 at 10:34 pm
Okay, aside from Barry visually, my favorite part of the interview was his trashing of PE. Oh, and the monkey business, of course, but I’d read that over the weekend.
March 20th, 2009 at 2:13 am
Forbes must be aware of the glaring oxymoron in his show title. I’m surprised Stewart hasn’t jumped on this one. Seems just too sweet a comic setup.
I was a fan of Malcom. Unlike papa, Steve inspires more groans than admiration. That presidential bid was right up there with Pat Robertson’s.