The beauty of diversification is it's about as close as you can get to a free lunch in investing. Barry Ritholtz More Quotes by Barry Ritholtz More Quotes From Barry Ritholtz History shows us that people are terrible about guessing what is going to happen - next week, next month, and especially next year. Barry Ritholtz happenyearhistorypeople Shopmas now begins on Thanksgiving Day. Apparently, escaping the families you cannot stand to spend another minute with on Thanksgiving Day to go buy them gifts is how some Americans show their affection for one another. Weird. Barry Ritholtz weirddayyouthanksgiving 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. Barry Ritholtz daywhitehappytime A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees. Barry Ritholtz competitiveedgeemployeesplan I credit Google for having the foresight to identify threats to its main business of selling advertising against search results. The potential loss of market share in the mobile space led them to the Android acquisition. Barry Ritholtz advertisingspacebusinessloss 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. Barry Ritholtz storygoodyoulove The consumption and production of energy is a major component of the global economy. Barry Ritholtz productionconsumptioneconomyenergy Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future. Barry Ritholtz planhappenwillfuture Whenever I see a forecast written out to two decimal places, I cannot help but wonder if there is a misunderstanding of the limitations of the data, and an illusion of precision. Barry Ritholtz helpseemisunderstandingillusion With Twitter, you can build your own virtual trading floor and research department, populated by the smartest people on earth. Almost any subject or sector has you can think of, you can find a few people with an expertise in that area. Barry Ritholtz thinkyouresearchpeople If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read balance sheets, well then, don't buy them. Barry Ritholtz thinkyouinvestmentbalance Here is a dirty little secret: Stock-picking is wildly overrated. Sure, it makes for great cocktail party chatter, and what is more fun than delving into a company's new products? But the truth is that individual stocks are riskier than broad indices. Barry Ritholtz greattruth-istruthfun How are the cabs in your city? In Manhattan, where I work, they are rather awful. Barry Ritholtz yourcityhowwork In New York, the former lack of real competition allowed taxis to extract excessive charges, regardless of the poor service. Barry Ritholtz newservicecompetitionpoor The way we finance homes in this country is slow, filled with middlemen, who run a nonstandardized evaluation process. This makes financing a home cumbersome and difficult. Barry Ritholtz financehomecountryway There is a shortage of doctors, and the American Medical Association is aiming to keep it that way. Barry Ritholtz keepamericanmedicalway The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers. Barry Ritholtz professionalknowdifficulttime When it comes to investing, you are your own worst enemy. Barry Ritholtz yourownyouenemy No one knows what the top-performing asset class will be next year. Lacking this prescience, your next-best solution is to own all of the classes and rebalance regularly. Barry Ritholtz solutionyourownwill When it comes to investing, there is no such thing as a one-size-fits-all portfolio. Barry Ritholtz portfoliothinginvesting
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