Barry Ritholtz quotes

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors. (Barry Ritholtz)
Never forget this simple truism: Forecasting is marketing, plain and simple. View quote
Barry Ritholtz
Salesmen always need something to sell. View quote
Barry Ritholtz
If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability. View quote
Barry Ritholtz
It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure. View quote
Barry Ritholtz
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again. View quote
Barry Ritholtz
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty. View quote
Barry Ritholtz
Returnless risk is not how you prepare for a decent retirement. View quote
Barry Ritholtz
History is replete with examples of tech firms that were marginalized by new companies and technologies. View quote
Barry Ritholtz
Little white lies are told by humans all the time. Indeed, lying is often how we get through each day in a happy little bubble. We spend time and energy rationalizing our own behaviors, beliefs and decision-making processes. View quote
Barry Ritholtz
Google's founders have had a good eye for imagining what technologies will be significant in the near future. No one asked Google to develop self-driving cars, but it helped them with street views for Google Maps. (Barry Ritholtz)
Any Wall Street advertising that does not go into the boring details of methodology is most likely to be pushing past performance. View quote
Barry Ritholtz
It is in your DNA to love a good story. You know, neat tales with heroes and villains and conflicts to resolve. A good story pushes our buttons, is exciting and memorable. View quote
Barry Ritholtz
The beauty of diversification is it's about as close as you can get to a free lunch in investing. View quote
Barry Ritholtz
You can blow on the dice all you want, but whether they come up 'seven' is still a function of random luck. View quote
Barry Ritholtz