Barry Ritholtz - How Not to Invest | Prof G Conversations

Barry Ritholtz, the co-founder, chairman, and chief investment officer of Ritholtz Wealth Management and the host of the Masters in Business podcast, joins Scott to discuss his new book, How Not to Invest: The Ideas, Numbers, and Behaviors that Destroy Wealth and How to Avoid Them.

They unpack why diversification is both boring and sexy, whether the U.S. market is overvalued, and if the alternative investment industry is one of the biggest grifts in economic history.
Follow Barry, @Ritholtz.

Order Algebra of Wealth now!
https://www.amazon.com/Algebra-Wealth...

00:00 Introduction
00:01 Your book, How Not to Invest, is coming out next week. Could you talk a little about it?
02:52 What Wall Street practices create conflict between money managers and investors?
05:56 How can investors avoid letting emotions influence their choices?
08:02 As a money manager, how do you reconcile with advising clients to invest in broader indexes?
11:10 Why do you think people often fail to appreciate the power of diversification?
14:15 Break
16:06 Is the decline of the alternative investment sector one of the biggest economic miscalculations?
20:14 Are U.S. stocks overvalued?
25:20 How are you adjusting your clients' portfolios for the Trump administration’s policies and the evolving tech landscape?
31:45 Break
33:29 Could Europe's increased military spending spark economic growth and tech innovation?
37:51 Do you buy into this point 1% strategies and invest in them?
40:47 You’ve been in podcasting before it was popular. What are the key life and investing lessons you’ve learned?


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