Posts filed under “Apprenticed Investor”

Welcome to My First Bloomberg View Column

Well now, let’s have a look around here. Hmmm, nicely typeset. Headline, URL, date are in the usual places; sidebar for other articles off to the right. Hey, this doesn’t look very different than it did at my blog, the Big Picture.

What’s different?

Oh, you out there. I see, you are a somewhat different audience than what I have been used to previously. You appear to be more of a professional investor, oriented toward shorter, pithier readings, but still intolerant of nonsense.

Good, we will get along just fine.

In case you have no idea who the hell I am, my name is Barry Ritholtz, and I will be your air hostess for today’s flight of investing fancy. No need to turn off your electronics, it’s a pleasure to meet you.

My goal here at Bloomberg View is to entertain, elucidate and, mostly, to disabuse you of the nonsense that occasionally passes for market commentary. If I do my job well enough, you should find this process both valuable and intriguing. With some luck, you could even become a bit better at whatever it is that you do for a living.

What you should expect from me: Early mornings, I try to provide some insight into a topic du jour related to our favorite subjects: Investing, markets and the economy. I like to work at the cross-section between quantitative analysis and human behavioral analysis. Lots of uncharted territory here, along with plenty of surprises.

Around the time the market opens, I pony up a short list of reads. Specifically, these are not 10 MOST IMPORTANT THINGS YOU MUST READ RIGHT NOW, mostly because I don’t care for all that yelling, and second, by the time you got to the office, you have already read the Wall Street Journal and New York Times. Instead, I prefer to hand-select a Beaujolais Nouveau, a recent harvest of some of the more interesting and important things you may have overlooked. By the time you finish the reads, something intriguing will have caught your eye, often from a source you were wholly unaware of.

During lunch, I like to dazzle you with a stand-out chart. Oftentimes, it is pushback against the so-called conventional wisdom. Occasionally, it is some inanity that insists on being demolished, which I happily oblige. Rarely, it is merely something wacky that demanded to be shared. Regardless, it is a visual depiction of something you might find of interest.

As to our earlier question (Who is this guy?) — In many ways, I am likely similar to you in some ways: I grew up in the suburbs, went to college, then grad school in New York. I fell in love with the city, and then with finance (in that order). Began as a trader, moved into research, and a few decades later, here we are.

My general approach is a product of my somewhat skeptical nature. I like to see assertions proven empirically. I am a “Show me the data” kind of guy. I never want to be contrarian for its own sake, but rather, to see what can take a punch. Much of that which passes for common knowledge on Wall Street is too often myth that fails to stand up to close scrutiny.

My goal is to provide some of that close scrutiny.

I hope you find it a worthwhile experience.

Category: Apprenticed Investor

Reduce Your Investing Noise Level

>   My Sunday Washington Post Business Section column is out. This morning, we look at “noise” levels, and what you can do to reduce them. Here’s an excerpt from the column, that asks: Do these inputs add to signal or to noise? • News: Most of it is actually old. By the time information…Read More

Category: Apprenticed Investor

How Shiller helped Fama win the Nobel

How Shiller helped Fama win the Nobel Barry Ritholtz, Washington Post October 20 2013   At the University of Chicago, there are two professors of economics named Eugene Fama. The first — let’s call him Fama the Younger — started in the 1960s. He developed a profound insight about the markets. This Fama observed that…Read More

Category: Apprenticed Investor, Psychology, Really, really bad calls

Fama Has Shiller to Thank for his Nobel Prize

    My Sunday Washington Post Business Section column is out. This morning, I look at how Eugene Fama’s early insights were nearly eclipsed by his latter bad theories. Not to give away the ending, but if it weren’t for Robert Shiller’s criticism, Fama may very well not have won. Here’s an excerpt from the…Read More

Category: Apprenticed Investor, Psychology, Really, really bad calls

The Problem With Financial Media

I am working on this week’s WaPo column, based loosely on last week’s open thread on the value of the Financial Media. I have a 23 bullet points I am trying to cut down to a dozen or less. Here are two: Too Much Noise, Too Little Signal:  The biggest problem most investors encounter is…Read More

Category: Apprenticed Investor, Data Analysis, Financial Press

The Obamacare Portfolio

On Investing: The Obamacare portfolio By Barry Ritholtz, October 6, 10:11 AM       Investors are best off when they leave their party affiliation and partisan views behind. I’ve said it before: “Washington, I’m here to tell you, politics and investing don’t mix. Your politics are killing you in the markets.” Keeping your emotions…Read More

Category: Apprenticed Investor, Investing, Politics

ObamaCare: Investing Advice for Senator Ted Cruz

>   My Sunday Washington Post Business Section column is out. This morning, we look objectively at Obamacare — not the politics of it, but the investing aspect. Its called: On Investing: The Obamacare portfolio. My conclusion? If you were an objective observer of the legislation when it passed, and then again when the Supreme…Read More

Category: Apprenticed Investor, Politics, Psychology, Really, really bad calls

TBP Conference Schedule

The Big Picture Conf Schedule 10-3-1013 The Big Picture-Conf-schedule-10-3-2013

Category: Apprenticed Investor, Investing, Psychology

This is Your Brain on Stocks (Toronto)

Category: Apprenticed Investor

Whats Your Forecast?

Its Philosophy Friday, and I want to discuss in broad terms the same interesting conversation that keeps coming up: Over the past few weeks, I keep getting that question: Whats your forecast for the economy? Where will interest rates be at the end of the year? Are Jobs going to improve? And of course, the big…Read More

Category: Apprenticed Investor, Philosophy, Really, really bad calls