Posts filed under “Weblogs”
Lovely sentiments from Noah Smith on a few of your favorite bloggers, including Josh Brown and yours truly:
Barry Ritholtz: There is a huge amount of financial disinformation and misinformation and just plain bullshit out there in the world. Most financial news is random noise, and some is even worse than that. And there’s a good reason why there is all that bad financial information out there: it makes money for the people who put it out there. Thus, it is kind of a wonder that Barry Ritholtz exists at all.
Barry Ritholtz works in the financial industry, giving people advice and helping them manage their money. But in addition, he offers lots of free advice on his blog, The Big Picture. That in and of itself is highly unusual. Much of his advice is about how you shouldn’t trust the finance industry of which he is a part. That is even more unusual. And when Barry makes a correct prediction – such as when he nearly perfectly called the bottom after the 2008 stock market crash – he attributes it to luck. That is pretty extraordinary. Along with his partner and fellow blog hero Josh Brown (The Reformed Broker), Barry is helping to bring honesty to financial media.
Barry is, to my knowledge, the first popular finance blogger to report extensively on behavioral finance. Since most individual investors (read: YOU) tend to make a ton of investing mistakes – trading too much, chasing trends, being overconfident, etc. etc. – behavioral finance is probably the single most important thing that most blog readers can learn about. Well done.
Truly lovely and humbling sentiments. I will do my best to live up to the philosophy Noah describes . . .
This is a project that has been quite literally 6 years in the making. Back when he was Managing Editor of the NYT Sunday Business section, Tim O’Brien first approached me about writing for him. (My response: “Thaler, Shiller, Mankiw . . . Ritholtz? I don’t think so.“). We had ongoing discussions, but they O’Brien moved on before we were able to consummate anything.
Tim joined Bloomberg View earlier this year as its Chief Cook and Bottle Washer/Publisher. He has been given the budget and the freedom to pursue a specific objective: Make Opinion and Commentary smart again. I am thrilled to be part of that project.
I am also super jazzed about working with their Radio team to develop a weekly show. The elevator pitch was the Charlie Rose of finance meets Mark Maron on Bloomberg Radio and iTunes. The goal is to continue to do the sort of in depth interviews like I have done in the past with the all stars of investing: Ned Davis, Felix Zulauf, Paul Desmond, etc. Its a work in progress, and I have no idea what it will look like when we are finished, but I expect it to be smart, informative — and not boring
I have had other discussions with other media outlets over the years: Reuters, CNBC, Huffington Post, lots more. Somehow, it never quite felt right. This one does.
More coming soon . . .
Full press release after the jump
This is a decade old today, and its still resonates with me like it is yesterday. If you haven’t read this before, settle back and enjoy this rewind from November 1, 2003: A funny thing happened to me on the way to the studio tonight . . . True Story . . . only slightly…Read More
Last week, I posted a teaser about a Big Announcement Next Week. As part of that, I need to gather a short list of favorite posts. Here are a few I really like: • Q&A: The Price of Paying Attention (November 3rd, 2012) • Where Sea Monsters Live (May 1st, 2012) • Five Books: on…Read More
Since the summer, I have been working on a skunk works project that has been kept under wraps during the negotiation process. It involves a a combination of media — sort of a mash up of blogging, podcasting and radio. I think it will be way cool. The fact that I am discussing it here means…Read More
Congratulations, its a MailChimp! Those 19,206 of you who receive The Big Picture via email at 7pm EST each day may have noticed a few changes this past week. The reason for this is the mail server we use. It used to be via Feedburner, but we switched over to MailChimp. There were a…Read More
I have had an odd couple of weeks, where some really strange, rather interesting things keep happening to me. I don’t know how else to describe this except to say life can be oddly fascinating.
I am usually pretty cynical; I tend towards the critical, and yes, I have been called a curmudgeon.
Just to prove that I am not in a dark mood all the time, here are some things that have pleasantly surprised me recently:
• Checked luggage: During a jaunt of travel from NY to Denver to Vancouver to NY to Maine to NY again, I never waited more than 7 minutes for my checked luggage. Clocked on the iPhone’s timer, from the moment I arrived at baggage claim to when I physically collect my bags, no more than 420 seconds.
• Delta Terminal at LaGuardia is actually nice: Not the new one, but the old crappy one — pretty much gut renovation, lots of seating everywhere, tons of power outlets — and affixed iPads for free web browsing. (I checked my passport to make sure I was in the right country),
• Took a friend apartment shopping. First place we saw I said “He’ll take it.” Make him fill out paperwork; We then looked at 6 other places — none remotely as good. Agent said “Good thing you took that place — 9 other people tried to get it.”
• Lost my anchor 2 weeks ago. That is not a spiritual reference, I literally snagged what I suspect is an undersea communications cable in the Long Island Sound in 39 feet of water in my little dingy. Despite lots of trying, could not get free — had to cut it loose, thinking, “there goes $500.” On Monday, I find a replacement on eBay for $30 and order it. I come home from work the next day and there is a box sitting on my front porch with a Danforth anchor in it. I am amazed.
• WTF Podcast: I continually am amazed at the high quality content that is given away for free. WTF is a perfect example of that. It is my favorite Airplane entertainment. When I am too tired to read but not focused enough to watch a movie, WTF podcasts are the ideal time killer. They are just perfect little vignettes, smart conversations that you get to listen to. Funny, insightful, entertaining stuff.
• NYC Rocks: Walk down the streets of NY, filled with electricity, tourists, and office workers living out their lives. So much intellectual capital, all in one place. If you don’t feed off the energy in this city, you are probably already dead. (The 7 Train: Deserves its own mention for being so fast and damned reliable).
• My Co-Workers are great: I work with some terrific people. Today was the last day for our summer interns — they get some R&R before returning to Amherst and University of Pennsylvania. My colleagues are smart, funny, pleasant people to work and hang with. We are doing good things for people and bringing the truth to those who need (Preach it, brother!) I am thrilled to be part of this team.
• Technology is Magic: What we can do with software today was simply beyond imagining 10 years ago. It is a wondrous time, your life is better when you can appreciate these things.
Tomorrow, I will go back to being a curmudgeon, but I wanted to get these few things out there . . .
Video: Louis CK on Conan, “Everything is amazing and nobody is happy” after the jump.
On Sunday, I pulled aside a few links about how ESPN convinced Nate Silver to join them (and ABC/Disney) when his 3 year contract ended with the Times. The Politico version was the deep dive into the back story. Since I scheduled that to post, a few new articles have come around, the mos interesting of…Read More
I did a longish, NSFW, no holds barred interview with Marco Nappolini and the folks at Pieria. The concept of the series was “to shed light on the motivations, inspirations and writing processes of some of the leading financial bloggers.” I suspect I gave them more than they were looking for. Here is an…Read More
In light of that incidence last week with those terrible pop up ads, I have a question for the assembled multitudes: Running the blog at this point requires a decent amount of expenditures. Hosting, editorial assistance, research all costs some shekels, and that cost is covered with the current advertisers. I keep getting pitched on…Read More