Barry Ritholtz: Market Crises, Clickbait, & Behavioral Economics
Aug 24, 2023 ·
24m 41s
Barry Ritholtz is Founder and CIO of Ritholtz Wealth Management. He is also a long-time market analyst, commentator, and expert on behavioral economics principles as they apply to investing. In...
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Barry Ritholtz is Founder and CIO of Ritholtz Wealth Management. He is also a long-time market analyst, commentator, and expert on behavioral economics principles as they apply to investing. In this insightful interview, Barry discusses the perils of paying too much attention to “hair on fire” headlines like recent ones about China’s credit issues, rising interest rates, and the risk of recession. He notes that “The clickbait stuff is entertaining, but it’s not how we manage assets and it’s not how individuals should manage their own assets.” Barry also discusses how humans are wired to make quick judgments, use pattern recognition, and overreact to certain stimuli because that aided in our evolution and survival as a species. The problem? “Things that worked great on the savannah, they don’t really work well in capital markets.” Our talk then pivots to Barry’s outlook for Federal Reserve policy, why he thinks a higher inflation target than 2% makes sense, how the 60/40 portfolio didn’t really “fail” last year, and what investors can do now to adapt to a higher-rate, higher-stimulus market environment. Finally, Barry gives a sneak peek at what he’ll discuss at the MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more information.
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