Avoiding Investment Pitfalls: Barry Ritholtz Shares Insights on 'How Not to Invest'
Watch WealthWise with Jeffrey Hirsch
In the latest episode of WealthWise, host Jeffrey Hirsch, Editor-in-Chief of The Stock Trader's Almanac, engages in a compelling conversation with renowned financial expert Barry Ritholtz. They delve into Ritholtz's latest book, How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth—and How to Avoid Them, exploring the common mistakes investors make and the behavioral biases that lead to poor financial decisions.​
Barry Ritholtz, co-founder and Chief Investment Officer of Ritholtz Wealth Management, brings decades of experience to the discussion. His firm manages over $5 billion for nearly 4,000 families, emphasizing a disciplined, evidence-based approach to investing. In How Not to Invest, Ritholtz highlights the importance of avoiding unforced errors, noting that success in investing often comes from sidestepping common pitfalls rather than attempting to outsmart the market.
During the interview, Ritholtz emphasizes the significance of behavioral finance, explaining how emotional responses can undermine investment strategies. He discusses the dangers of market timing, the perils of following financial media hype, and the necessity of maintaining a long-term perspective. This aligns with his previous insights on the importance of behavior over intelligence in achieving financial success.
Jeffrey Hirsch, known for his expertise in market cycles and seasonal trends, complements the discussion by providing historical context to current market behaviors. His collaboration with Ritholtz offers viewers a nuanced understanding of how past market events can inform present investment decisions. ​
For those seeking to enhance their investment acumen and avoid common mistakes, this episode of WealthWise is an invaluable resource. Gain deeper insights into the psychology of investing and learn practical strategies to safeguard and grow your wealth.​
Watch the full episode here: Navigating Investment Pitfalls: Barry Ritholtz Shares Insights on 'How Not To Invest'
