Barry Ritholtz quote: "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."

Shopmas now begins on Thanksgiving Day. Apparently, escaping the families you cannot stand to spend ...
BARRY RITHOLTZ

Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smar...
BARRY RITHOLTZ

The simple reality of life is that everyone is wrong on a regular basis. By confronting these inevit...
BARRY RITHOLTZ

History is replete with examples of tech firms that were marginalized by new companies and technolog...
BARRY RITHOLTZ

A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.
BARRY RITHOLTZ

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. ...
BARRY RITHOLTZ

Rather than engage in the sort of selective retention that so many investors tend to do and pretend ...
BARRY RITHOLTZ

You can blow on the dice all you want, but whether they come up 'seven' is still a function ...
BARRY RITHOLTZ

Investing is about making probabilistic decisions with limited information about an unknowable futur...
BARRY RITHOLTZ

Based on a lifetime of observations and a few decades in the markets, I understand that societies, b...
BARRY RITHOLTZ

Never forget this simple truism: Forecasting is marketing, plain and simple.
BARRY RITHOLTZ

We love a tale of heroes and villains and conflicts requiring a neat resolution.
BARRY RITHOLTZ

When it comes to investing, you are your own worst enemy.
BARRY RITHOLTZ

People who work in specialized fields seem to have their own language. Practitioners develop a short...
BARRY RITHOLTZ

The good news is that economists are intelligent, engaging and often charming folks. The bad news is...
BARRY RITHOLTZ

The data strongly suggest that very good years in the U.S. stock market are followed by more good ye...
BARRY RITHOLTZ

When it comes to investing, there is no such thing as a one-size-fits-all portfolio.
BARRY RITHOLTZ

Owning a variety of asset classes means that some part of your portfolio will be doing well when the...
BARRY RITHOLTZ

Hedge funds are not especially liquid. Many are 'gated' - meaning there are only small windo...
BARRY RITHOLTZ

The beauty of diversification is it's about as close as you can get to a free lunch in investing...
BARRY RITHOLTZ

Any time you speak to people about their posture, you learn about their most recent investment activ...
BARRY RITHOLTZ

A number of bloggers in economics and the financial sector have risen to prominence through the shee...
BARRY RITHOLTZ

It's been a rough week, and at the end of the month, a painful round trip,
BARRY RITHOLTZ

Regardless of whether this upcoming release shows inflation today, given the supply shock to oil, we...
BARRY RITHOLTZ

Markets don't make a top and then slide, topping is a process. Typically markets make an initial top...
BARRY RITHOLTZ

We were in this post-election trading range from November to April, and that broke down. The bull ma...
BARRY RITHOLTZ

The concern is that if a lot of the gains are in energy, that's good news for energy, but not necess...
BARRY RITHOLTZ

I'm looking for really good earnings, and I don't know that it's going to juice the market all that ...
BARRY RITHOLTZ

We may see some of the capital expenditures spent this year were more or less pulled through from ea...
BARRY RITHOLTZ

There was a lot of trepidation on Monday after Friday's sell-off and when things didn't go from bad ...
BARRY RITHOLTZ

The budget deficit is going to have to go up over the next three to seven years.
BARRY RITHOLTZ

We need to see a confirmation in the next few weeks. We need another session of gains of 1 to 2 perc...
BARRY RITHOLTZ

Little white lies are told by humans all the time. Indeed, lying is often how we get through each da...
BARRY RITHOLTZ

We must recognize our own behavioral errors. To be blunt, you are not likely to become a cognitive Z...
BARRY RITHOLTZ

The electronics industry expanded rapidly and the seeds for the semiconductor and software revolutio...
BARRY RITHOLTZ

Amongst the financial Twitterati, the term 'muppets' has come to describe any client used an...
BARRY RITHOLTZ

If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read ...
BARRY RITHOLTZ

You want less of the annoying nonsense that interferes with your portfolios and more of the signific...
BARRY RITHOLTZ

Footage of people camped out at Best Buy or elsewhere is not remotely a celebration. Rather, it'...
BARRY RITHOLTZ

Here is a dirty little secret: Stock-picking is wildly overrated. Sure, it makes for great cocktail ...
BARRY RITHOLTZ

Forecasting is simply not a strength of the species; we are much better with tools and narrative sto...
BARRY RITHOLTZ

It is important for investors to understand what they do and don't know. Learn to recognize that...
BARRY RITHOLTZ

Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock i...
BARRY RITHOLTZ

Investors tend to discover 'hot' mutual fund managers just after a successful run and just b...
BARRY RITHOLTZ

As investors, we want to believe we are smart, insightful and uniquely talented - even though we oft...
BARRY RITHOLTZ

The bottom line is this: Cash, in modest increments, has a role in any portfolio. But unless you are...
BARRY RITHOLTZ

If the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region? At ...
BARRY RITHOLTZ

There's a little follow-through from yesterday. I would be happier if we had significant volume.
BARRY RITHOLTZ

Four years after the bubble popped, I can't believe that companies still legitimately have enough fa...
BARRY RITHOLTZ

It looks like we will have quarter of a point increases for the rest of our natural lives or the nex...
BARRY RITHOLTZ

Good earnings never hurt the market, and some of the results from the companies that reported yester...
BARRY RITHOLTZ

We may be in for a good trading session today. The good news from Japan and a pull-back in oil are p...
BARRY RITHOLTZ

The market is going to be on hold until the Fed's decision is out. We will be looking for hints that...
BARRY RITHOLTZ

The president has little budgetary room -- and even less political capital -- for any grand projects...
BARRY RITHOLTZ

Overall, you're going to see a pretty strong opening. A lot of semi numbers were pretty good last ni...
BARRY RITHOLTZ

The market is going to love it. The market always seems to applaud major mergers, even though the va...
BARRY RITHOLTZ

Any investment bought via credit always runs the risk of margin calls and, eventually, liquidation.
BARRY RITHOLTZ

Often, investors will discover a manager after he's had a terrific run, usually when he lands on...
BARRY RITHOLTZ

I credit Google for having the foresight to identify threats to its main business of selling adverti...
BARRY RITHOLTZ

In social media, people cannot build big followings organically unless what they are putting out to ...
BARRY RITHOLTZ

Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their inv...
BARRY RITHOLTZ

Any Wall Street advertising that does not go into the boring details of methodology is most likely t...
BARRY RITHOLTZ

You have a natural tendency to want an emotionally satisfying tale - and to make investments based o...
BARRY RITHOLTZ

Mutual fund managers want your money in their funds. They get paid based on assets under management.
BARRY RITHOLTZ

Yearly data put the rest of the noise into perspective. Most of the weekly or monthly random up-and-...
BARRY RITHOLTZ

When earnings are great, everybody knows about it, so what's the discount?
BARRY RITHOLTZ

There's still upside in tech but it's going to be more grudging and grinding and choppy, it's not go...
BARRY RITHOLTZ

When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ......
BARRY RITHOLTZ

Indeed, eventually, random outcomes all revert to the mean, meaning that streaks eventually end. Und...
BARRY RITHOLTZ

People forget that although we can pinpoint the price, we can only guess at future earnings. The pas...
BARRY RITHOLTZ

When markets are rallying, cash in the portfolio is a drag on performance, returning about zero.
BARRY RITHOLTZ

Commissions add up, taxes are a big drag, margin ain't cheap. A good accountant costs money as w...
BARRY RITHOLTZ

It is in your DNA to love a good story. You know, neat tales with heroes and villains and conflicts ...
BARRY RITHOLTZ

If I am going to trash others for their dumb predictions, I must at least hold myself to the same so...
BARRY RITHOLTZ

One thing I detest most about the financial press is the lack of accountability. All sorts of nonsen...
BARRY RITHOLTZ

Active management leads to lots of poor investor behavior. It sends people chasing after whoever has...
BARRY RITHOLTZ

You, your employer and your plan's investment managers fail to follow even the most basic rules ...
BARRY RITHOLTZ

TV producers want ratings and are willing to do nearly anything to get them. They gin up artificial ...
BARRY RITHOLTZ

Anyone can make an article longer; the skill is keeping it tight and lean.
BARRY RITHOLTZ

Once you research an idea, you begin to develop a perspective. Writing about anything in public, oft...
BARRY RITHOLTZ

Secular cycles are the long periods - as long as decades - that come to define each market era. Thes...
BARRY RITHOLTZ

The way we finance homes in this country is slow, filled with middlemen, who run a nonstandardized e...
BARRY RITHOLTZ

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, ...
BARRY RITHOLTZ

'Returnless risk' is not how you prepare for a decent retirement.
BARRY RITHOLTZ

Google's founders have had a good eye for imagining what technologies will be significant in the...
BARRY RITHOLTZ

Outcome is simply the final score: Who won the game; what numbers came up in a roll of the dice; how...
BARRY RITHOLTZ

Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in...
BARRY RITHOLTZ

History shows us that people are terrible about guessing what is going to happen - next week, next m...
BARRY RITHOLTZ

The consumption and production of energy is a major component of the global economy.
BARRY RITHOLTZ

What you pay for an investment is the single biggest determinant for how successful that investment ...
BARRY RITHOLTZ

Even when you are right, there are costs and taxes associated with being tactical. When you are wron...
BARRY RITHOLTZ

In the investment business, you must expect to be wrong.
BARRY RITHOLTZ

If your investing approach requires that you become Nostradamus to succeed, then you are destined to...
BARRY RITHOLTZ

Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but i...
BARRY RITHOLTZ

Whenever you hear a discussion about the short-term swings in any given stock's price, your imme...
BARRY RITHOLTZ

With Twitter, you can build your own virtual trading floor and research department, populated by the...
BARRY RITHOLTZ

Getting more and more of our news from the social network is having significant repercussions for ma...
BARRY RITHOLTZ

Markets are frequently ahead of, and often out of sync with, the economy.
BARRY RITHOLTZ

Narrative drives most of economics. Everything seems to be part of a story, and how that story is to...
BARRY RITHOLTZ

Asset managers have different approaches, and I don't wish to suggest there is only one way to r...
BARRY RITHOLTZ

Truth be told, most financial television bores me. Two or more people discussing the latest economic...
BARRY RITHOLTZ

If you have read me for any length of time, you know I am less than enthralled with much of what pas...
BARRY RITHOLTZ

A hedge fund manager whose clients demand monthly performance reports has different needs than any i...
BARRY RITHOLTZ

Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six...
BARRY RITHOLTZ

When you buy anything with lots of leverage, it does not require a whole lot to go wrong to lose it ...
BARRY RITHOLTZ

Salesmen always need something to sell.
BARRY RITHOLTZ

Most of Google's home technologies have failed to catch on in a major way.
BARRY RITHOLTZ

I have been a member of the Microsoft-bashing society for quite some time.
BARRY RITHOLTZ

Gains in corporate profits depend in large part on accelerating global economic growth.
BARRY RITHOLTZ

To know whether stocks are cheap or pricey, we typically look at price-to-earnings ratio. Valuation ...
BARRY RITHOLTZ

Content is king. When you are asking people to read you several times a day, you better have some fi...
BARRY RITHOLTZ

No one knows what the top-performing asset class will be next year. Lacking this prescience, your ne...
BARRY RITHOLTZ

The ability to select stocks, manage them over time and know when to sell them is incredibly difficu...
BARRY RITHOLTZ

There is a shortage of doctors, and the American Medical Association is aiming to keep it that way.
BARRY RITHOLTZ

In New York, the former lack of real competition allowed taxis to extract excessive charges, regardl...
BARRY RITHOLTZ

How are the cabs in your city? In Manhattan, where I work, they are rather awful.
BARRY RITHOLTZ

Good investors must learn to contextualize the daily background noise.
BARRY RITHOLTZ

Twitter has become a group conversation of that type that used to take place on trading floors.
BARRY RITHOLTZ

Sometimes, how you ingest this idea of masculinity as projected onto you by the world could be the d...
BARRY JENKINS

No one could understand the bond between me and my brother. I struggled to understand the forces tha...
BARRY WHITE

What is new is that environmentalism intensely illuminates the need to confront the corporate domain...
BARRY COMMONER

After all, despite the economic advantage to firms that employed child labor, it was in the social i...
BARRY COMMONER

I am about as detailed as a shadow.
LYNDA BARRY

Life is anything that dies when you stomp on it.
DAVE BARRY

I was a Presbyterian minister at a small church in Omaha, Nebraska.
SAM BARRY

Music was in the air when I was growing up. My siblings Katy, Dave and Phil were musical; my dad wor...
SAM BARRY

I picked up a harmonica and taught myself.
SAM BARRY

I don't really know much about pirates, or pirate culture. I'd be a contrarian pirate.
TODD BARRY

We are quite at ease in this no man's land of ignorance and doubt and dispute, absorbed in the a...
BARRY UNSWORTH

Get up, groan, write a bit, moan, eat breakfast, write some more, cycle my bike through the Sligo hi...
KEVIN BARRY

We operate under a jury system in this country, and as much as we complain about it, we have to admi...
DAVE BARRY

For me, the worst part of playing golf, by far, has always been hitting the ball.
DAVE BARRY

What may seem depressing or even tragic to one person may seem like an absolute scream to another pe...
DAVE BARRY

Eating rice cakes is like chewing on a foam coffee cup, only less filling.
DAVE BARRY

Snowboarding is an activity that is very popular with people who do not feel that regular skiing is ...
DAVE BARRY

If you had to identify, in one word, the reason why the human race has not achieved, and never will ...
DAVE BARRY

Although golf was originally restricted to wealthy, overweight Protestants, today it's open to a...
DAVE BARRY

The four building blocks of the universe are fire, water, gravel and vinyl.
DAVE BARRY

It is a scientific fact that your body will not absorb cholesterol if you take it from another perso...
DAVE BARRY

The Sixties are now considered a historical period, just like the Roman Empire.
DAVE BARRY

I remember my comic strips being called 'new wave.' It bugged me.
LYNDA BARRY

I got into film school. I went and didn't know anything about it. Over the course of two years, ...
BARRY JENKINS

I looked up to my father when I was 7 and 8. I believed it was my calling to be in the big leagues. ...
BARRY ZITO

I can count my friends on one hand.
BARRY ZITO

I think in the bullpen you can tell during your warmups, if you have a good feel for it. But anythin...
BARRY ZITO

Big league defense is going to get outs most times.
BARRY ZITO

The outfield is solid, so is the catching and the infield.
BARRY ZITO

It's not like I'm some kind of veteran and there is this huge age gap. I identify with them ...
BARRY ZITO

I'm OK being the veteran, but I'm still just a kid.
BARRY ZITO

I do look forward to keeping in touch with the guys, because we'll always be connected in people...
BARRY ZITO

I hadn't focused on mechanics since I signed professionally.
BARRY ZITO

I was this 5-7 pudgy kid in high school... I wasn't a popular kid. I was an outcast.
BARRY ZITO

I refuse to be molded into some stereotypical ballplayer that has no interests, really, no life, no ...
BARRY ZITO

Meyer and I have a bit in common because we're both left-handed. I think it's great that he ...
BARRY ZITO

I just write mechanical things.
BARRY ZITO

I feel I can hang out with any group of people and find common ground to talk with them.
BARRY ZITO

Regardless of what you want to call it, guys need some type of spirituality they can grab onto. If i...
BARRY ZITO

Everyone focuses on the earthly state, but how cool might death be? I believe in spiritual rebirth, ...
BARRY ZITO

Some people pray to a totem pole, some people pray to a sun, some people pray to a god. It all works...
BARRY ZITO

I view my pitching on how confident I was out there, period. And if I lose that confidence, I can be...
BARRY ZITO

When someone becomes successful or rich and famous, people perceive that person as being different. ...
BARRY ZITO

I don't totally believe that all of the politicians see a problem with the gap between the score...
BARRY WILLIAMS

Tiger the dog had a showdown with a fast moving flower truck in the middle of the street and lost.
BARRY WILLIAMS

One preacher turned me on, another turned me off.
BARRY WHITE

Most families had four, five brothers. But because it was just me and Darryl, we had to be twice as ...
BARRY WHITE

Elton John's opinion turned the label's opinion around, all in a day.
BARRY WHITE

The whole system of society tells you what to do.
BARRY WHITE

I've always loved War's Low Rider and Sly Stone's Thank You, and I just wanted to put my...
BARRY WHITE

People are always looking for me to be a freak, weird.
BARRY WHITE

I'm very happy with this new record. It's dealing with different aspects of love-it's me...
BARRY WHITE

I don't know if it's my music, my lyrics, my sound, and knowing the music business the way I...
BARRY WHITE

We forget that this music, music made by my brothers and sisters, is still a baby. It's just beg...
BARRY WHITE

The cops picked me up for attempted murder. I can still see the detectives, licking their chops. Tho...
BARRY WHITE

When I commit, I commit with my whole heart, my whole being. I know the Bible like the back of my ha...
BARRY WHITE

I kept my babies fed. I could have dumped them, but I didn't. I decided that whatever trip I was...
BARRY WHITE

As a boy, I believed freedom for America meant freedom for me. There was a time I believed every wor...
BARRY WHITE

I went to jail at 16 for stealing tires off Cadillacs. When I got out I said, Never again.
BARRY WHITE

There's people making babies to my music. That's nice.
BARRY WHITE

I'll come to you with gifts of knowledge, wisdom and truth.
BARRY WHITE

I quit high school on my birthday. It was my senior year and I didn't see the point. This was 19...
BARRY WHITE

I try to tell a story musically in a song.
BARRY WHITE

When I saw corruption, I was forced to find truth on my own. I couldn't swallow the hypocrisy.
BARRY WHITE

Mama tried to save us from the streets, but the streets were too strong.
BARRY WHITE

In most horror films, you don't really get to understand why this character is the way he is.
BARRY WATSON

I want to try and do as much as I can as an actor. So far I think I've done pretty well with bei...
BARRY WATSON

I did. I did see Bigfoot when I was a kid and I still believe it to this day. I saw a big furry man ...
BARRY WATSON

It was tough trying to figure out how to put on all the women's clothes.
BARRY WATSON

Helen Mirren is like the sexiest woman on the planet to me. She is. Just the way she goes about ever...
BARRY WATSON

I grew up in Dallas, with cowboys. I was the only guy in sixth grade with long hair and an earring. ...
BARRY WATSON

I think most people, even if they say they hate horror movies, there's that feeling you get insi...
BARRY WATSON

Of course there are times when I think, 'I'd be better out of this.'
BARRY TOOK

It was a joy to be a part of the team that created Round The Horne. I was involved with the show at ...
BARRY TOOK

There are people worse off than me. I've had a very long run. I'm fine really. I'm just ...
BARRY TOOK

It was like a heart transplant. We tried to implant college in him but his head rejected it.
BARRY SWITZER

I went to Brown University, but my mom said I couldn't be an artist because I would starve.
BARRY STERNLICHT

I see Baccarat in major gateway cities like Paris, Tokyo, Shanghai and Hong Kong and exotic resort l...
BARRY STERNLICHT

There's more single-family homes rented in the United States then there are apartments.
BARRY STERNLICHT

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.

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Barry Ritholtz

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

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