Barry Ritholtz
@ritholtz.bsky.social
Let's hope this one works out better...
Chair/CIO of RWM; Masters-in-Business podcast/radio host
Chair/CIO of RWM; Masters-in-Business podcast/radio host
Pinned
Barry Ritholtz
@ritholtz.bsky.social
· Mar 24
It's finally here! Hardcover, e-reader/kindle, and audio/audible versions of:
"How Not To Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them."
www.hownottoinvestbook.com
"How Not To Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them."
www.hownottoinvestbook.com
10 Weekend Reads
-The Era Of The Business Idiot
-Appreciation for Air Jordans
-Critical Ignoring
-Why does something exist instead of nothing?
-Inside Marjorie Taylor Greene’s Break With Trump
-Why Everyone Loves Japan
-Inconceivable! Rob Reiner’s Legendary Movie Career
ritholtz.com/2026/01/10-w...
-The Era Of The Business Idiot
-Appreciation for Air Jordans
-Critical Ignoring
-Why does something exist instead of nothing?
-Inside Marjorie Taylor Greene’s Break With Trump
-Why Everyone Loves Japan
-Inconceivable! Rob Reiner’s Legendary Movie Career
ritholtz.com/2026/01/10-w...
January 3, 2026 at 2:39 PM
10 Weekend Reads
-The Era Of The Business Idiot
-Appreciation for Air Jordans
-Critical Ignoring
-Why does something exist instead of nothing?
-Inside Marjorie Taylor Greene’s Break With Trump
-Why Everyone Loves Japan
-Inconceivable! Rob Reiner’s Legendary Movie Career
ritholtz.com/2026/01/10-w...
-The Era Of The Business Idiot
-Appreciation for Air Jordans
-Critical Ignoring
-Why does something exist instead of nothing?
-Inside Marjorie Taylor Greene’s Break With Trump
-Why Everyone Loves Japan
-Inconceivable! Rob Reiner’s Legendary Movie Career
ritholtz.com/2026/01/10-w...
Reposted by Barry Ritholtz
A Birkin is a nice thing to own, but not necessarily as part of your investment portfolio
A Birkin Looks Better on Your Arm Than in a Hedge Fund
Social media algorithms know me better than I do. Who knew I’d get such joy from watching Love Luxury, a handbag reseller with a YouTube channel that typically features bereft women trying to sell Birkin bags gifted from former lovers? “It is just too painful to keep,” one says. “Oh, and the stickers are still on … can I get $50,000 for it?”
bloom.bg
January 2, 2026 at 12:15 PM
A Birkin is a nice thing to own, but not necessarily as part of your investment portfolio
10 Friday AM Reads
-Charts of the year: Trump’s attempt to reshape world trade
-Warren Buffett: A Question of Character
-ChatGPT is overrated. Here’s what to use instead
-Fixing the Pentagon’s Gilded Fortress
-Russia’s losses in Ukraine rise faster than ever
ritholtz.com/2026/01/10-f...
-Charts of the year: Trump’s attempt to reshape world trade
-Warren Buffett: A Question of Character
-ChatGPT is overrated. Here’s what to use instead
-Fixing the Pentagon’s Gilded Fortress
-Russia’s losses in Ukraine rise faster than ever
ritholtz.com/2026/01/10-f...
10 Friday AM Reads - The Big Picture
My end-of-week morning train WFH reads: • Charts of the year: Trump’s attempt to reshape world trade: The US president’s ‘liberation day’ tariffs spooked markets but the global trading system has prov...
ritholtz.com
January 2, 2026 at 12:13 PM
10 Friday AM Reads
-Charts of the year: Trump’s attempt to reshape world trade
-Warren Buffett: A Question of Character
-ChatGPT is overrated. Here’s what to use instead
-Fixing the Pentagon’s Gilded Fortress
-Russia’s losses in Ukraine rise faster than ever
ritholtz.com/2026/01/10-f...
-Charts of the year: Trump’s attempt to reshape world trade
-Warren Buffett: A Question of Character
-ChatGPT is overrated. Here’s what to use instead
-Fixing the Pentagon’s Gilded Fortress
-Russia’s losses in Ukraine rise faster than ever
ritholtz.com/2026/01/10-f...
10 New Year’s Eve AM Reads
-The Unexpected Winner of Rising American Tariffs Is Mexico
-Earth Is Running Out of Sand
-The 100-Month Car Loan
-Is the Fed truly independent?
-The Santa Presidency
- 5 Wars Trump Started or Expanded in 2025
-The intellect of LeBron James
ritholtz.com/2025/12/10-n...
-The Unexpected Winner of Rising American Tariffs Is Mexico
-Earth Is Running Out of Sand
-The 100-Month Car Loan
-Is the Fed truly independent?
-The Santa Presidency
- 5 Wars Trump Started or Expanded in 2025
-The intellect of LeBron James
ritholtz.com/2025/12/10-n...
10 New Year's Eve AM Reads - The Big Picture
My morning train WFH reads: • The Unexpected Winner of Rising American Tariffs Is Mexico: Its exports to the U.S. have surged since President Trump imposed new duties on countries this year. (Wall Str...
ritholtz.com
December 31, 2025 at 1:19 PM
10 New Year’s Eve AM Reads
-The Unexpected Winner of Rising American Tariffs Is Mexico
-Earth Is Running Out of Sand
-The 100-Month Car Loan
-Is the Fed truly independent?
-The Santa Presidency
- 5 Wars Trump Started or Expanded in 2025
-The intellect of LeBron James
ritholtz.com/2025/12/10-n...
-The Unexpected Winner of Rising American Tariffs Is Mexico
-Earth Is Running Out of Sand
-The 100-Month Car Loan
-Is the Fed truly independent?
-The Santa Presidency
- 5 Wars Trump Started or Expanded in 2025
-The intellect of LeBron James
ritholtz.com/2025/12/10-n...
Reposted by Barry Ritholtz
Year 1 data on congestion pricing in Manhattan…
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
December 23, 2025 at 2:00 PM
Year 1 data on congestion pricing in Manhattan…
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
Weekend long reads preview:
The Era Of The Business Idiot: We live in the era of the symbolic executive, when "being good at stuff" matters far less than the appearance of doing stuff, where "what's useful" is dictated by "the vibes."
www.wheresyoured.at/the-era-of-t...
The Era Of The Business Idiot: We live in the era of the symbolic executive, when "being good at stuff" matters far less than the appearance of doing stuff, where "what's useful" is dictated by "the vibes."
www.wheresyoured.at/the-era-of-t...
The Era Of The Business Idiot
Fair warning: this is the longest thing I've written on this newsletter. I do apologize.
Soundtrack: EL-P - $4 Vic
Listen to my podcast Better Offline. We have merch.
Last week, Bloomberg profiled ...
www.wheresyoured.at
December 29, 2025 at 7:13 PM
Weekend long reads preview:
The Era Of The Business Idiot: We live in the era of the symbolic executive, when "being good at stuff" matters far less than the appearance of doing stuff, where "what's useful" is dictated by "the vibes."
www.wheresyoured.at/the-era-of-t...
The Era Of The Business Idiot: We live in the era of the symbolic executive, when "being good at stuff" matters far less than the appearance of doing stuff, where "what's useful" is dictated by "the vibes."
www.wheresyoured.at/the-era-of-t...
Love @tker.co stats:
-Strategists’ tgt tend to be way off, on average, by 14.1 percentage points.
-Avg returns are rare: SPX returned 8-10% 4x since 1950.
-Normal returns are avg between -7.7% - +31.3%
-Since 1928, SPX +21% in avg up year; fell 13% in avg down year.
www.tker.co/p/one-year-s...
-Strategists’ tgt tend to be way off, on average, by 14.1 percentage points.
-Avg returns are rare: SPX returned 8-10% 4x since 1950.
-Normal returns are avg between -7.7% - +31.3%
-Since 1928, SPX +21% in avg up year; fell 13% in avg down year.
www.tker.co/p/one-year-s...
8 stock market stats I'm thinking about as we enter a new year 📋
The stock market usually goes up, but returns will vary greatly 📊
www.tker.co
December 29, 2025 at 2:12 PM
Love @tker.co stats:
-Strategists’ tgt tend to be way off, on average, by 14.1 percentage points.
-Avg returns are rare: SPX returned 8-10% 4x since 1950.
-Normal returns are avg between -7.7% - +31.3%
-Since 1928, SPX +21% in avg up year; fell 13% in avg down year.
www.tker.co/p/one-year-s...
-Strategists’ tgt tend to be way off, on average, by 14.1 percentage points.
-Avg returns are rare: SPX returned 8-10% 4x since 1950.
-Normal returns are avg between -7.7% - +31.3%
-Since 1928, SPX +21% in avg up year; fell 13% in avg down year.
www.tker.co/p/one-year-s...
10 Monday AM Reads
-Schwab CEO Explains Why Investing Works + Gambling Doesn’t.
-US Trade Dominance Begins to Crack
-Family Offices Have Become New Power Players on Wall St
-Boomer-doomer divide w/i OpenAI
-Societies with Little Money Are Happiest on Earth
ritholtz.com/2025/12/10-m...
-Schwab CEO Explains Why Investing Works + Gambling Doesn’t.
-US Trade Dominance Begins to Crack
-Family Offices Have Become New Power Players on Wall St
-Boomer-doomer divide w/i OpenAI
-Societies with Little Money Are Happiest on Earth
ritholtz.com/2025/12/10-m...
December 29, 2025 at 1:42 PM
10 Monday AM Reads
-Schwab CEO Explains Why Investing Works + Gambling Doesn’t.
-US Trade Dominance Begins to Crack
-Family Offices Have Become New Power Players on Wall St
-Boomer-doomer divide w/i OpenAI
-Societies with Little Money Are Happiest on Earth
ritholtz.com/2025/12/10-m...
-Schwab CEO Explains Why Investing Works + Gambling Doesn’t.
-US Trade Dominance Begins to Crack
-Family Offices Have Become New Power Players on Wall St
-Boomer-doomer divide w/i OpenAI
-Societies with Little Money Are Happiest on Earth
ritholtz.com/2025/12/10-m...
10 Sunday Reads
-The Untold Story of How Jeffrey Epstein Got Rich
-Kitchen items contaminating your food with chemicals
-How Starbucks Came Undone
-There’s a 92% Chance Trump Is Making It Up
-Russia’s Puppet Tulsi Gabbard Strikes Again
ritholtz.com/2025/12/10-s...
-The Untold Story of How Jeffrey Epstein Got Rich
-Kitchen items contaminating your food with chemicals
-How Starbucks Came Undone
-There’s a 92% Chance Trump Is Making It Up
-Russia’s Puppet Tulsi Gabbard Strikes Again
ritholtz.com/2025/12/10-s...
10 Sunday Reads - The Big Picture
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Scams, Schemes, Ruthless Cons: The Untold Story of How Jeffrey Epstein Got Rich: For years, rumors swirled ab...
ritholtz.com
December 28, 2025 at 12:31 PM
10 Sunday Reads
-The Untold Story of How Jeffrey Epstein Got Rich
-Kitchen items contaminating your food with chemicals
-How Starbucks Came Undone
-There’s a 92% Chance Trump Is Making It Up
-Russia’s Puppet Tulsi Gabbard Strikes Again
ritholtz.com/2025/12/10-s...
-The Untold Story of How Jeffrey Epstein Got Rich
-Kitchen items contaminating your food with chemicals
-How Starbucks Came Undone
-There’s a 92% Chance Trump Is Making It Up
-Russia’s Puppet Tulsi Gabbard Strikes Again
ritholtz.com/2025/12/10-s...
Reposted by Barry Ritholtz
Foreign stocks' best year since 2009 $VEU $VGTSX @tradingview
December 28, 2025 at 12:28 PM
Foreign stocks' best year since 2009 $VEU $VGTSX @tradingview
10 Weekend Reads:
-How Warren Buffett Did It
-The Last Human Edge
-The United States of Klarna
-America’s hidden economic crisis
-Perhaps intelligent life wasn’t so unlikely after all
-A Shocking Act of Political Violence
-21 Facts About Throwing Good Parties
ritholtz.com/2025/12/10-w...
-How Warren Buffett Did It
-The Last Human Edge
-The United States of Klarna
-America’s hidden economic crisis
-Perhaps intelligent life wasn’t so unlikely after all
-A Shocking Act of Political Violence
-21 Facts About Throwing Good Parties
ritholtz.com/2025/12/10-w...
December 27, 2025 at 1:26 PM
10 Weekend Reads:
-How Warren Buffett Did It
-The Last Human Edge
-The United States of Klarna
-America’s hidden economic crisis
-Perhaps intelligent life wasn’t so unlikely after all
-A Shocking Act of Political Violence
-21 Facts About Throwing Good Parties
ritholtz.com/2025/12/10-w...
-How Warren Buffett Did It
-The Last Human Edge
-The United States of Klarna
-America’s hidden economic crisis
-Perhaps intelligent life wasn’t so unlikely after all
-A Shocking Act of Political Violence
-21 Facts About Throwing Good Parties
ritholtz.com/2025/12/10-w...
Reposted by Barry Ritholtz
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too. www.wired.com/story/us-tra...
US Trade Dominance Will Soon Begin to Crack
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too.
www.wired.com
December 26, 2025 at 11:35 AM
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too. www.wired.com/story/us-tra...
10 Friday AM Reads:
-Can Netflix Help Save the American Mall?
-No one knows anything. Let’s ask them about that
-The Untold Story of Charlie Munger’s Final Years
-How Willie Nelson Sees America
-How "How the Grinch Stole Christmas" Stole Christmas
ritholtz.com/2025/12/10-f...
-Can Netflix Help Save the American Mall?
-No one knows anything. Let’s ask them about that
-The Untold Story of Charlie Munger’s Final Years
-How Willie Nelson Sees America
-How "How the Grinch Stole Christmas" Stole Christmas
ritholtz.com/2025/12/10-f...
10 Friday AM Reads - The Big Picture
My Boxing Day morning reads: • Playing Santa Does Strange Things to a Man. What It Did to Bob Rutan Was Even Stranger. Bob Rutan is legendary among the tight-knit fraternity of Macy’s Santa Clauses. L...
ritholtz.com
December 26, 2025 at 12:38 PM
10 Friday AM Reads:
-Can Netflix Help Save the American Mall?
-No one knows anything. Let’s ask them about that
-The Untold Story of Charlie Munger’s Final Years
-How Willie Nelson Sees America
-How "How the Grinch Stole Christmas" Stole Christmas
ritholtz.com/2025/12/10-f...
-Can Netflix Help Save the American Mall?
-No one knows anything. Let’s ask them about that
-The Untold Story of Charlie Munger’s Final Years
-How Willie Nelson Sees America
-How "How the Grinch Stole Christmas" Stole Christmas
ritholtz.com/2025/12/10-f...
Peak Detroit Muscle Car!
December 25, 2025 at 12:50 PM
Peak Detroit Muscle Car!
10 Christmas Day Reads
-Santa might be Christmas’ main man, but Mrs. Claus would like a word
-Societies with Little Money Are Among the Happiest on Earth
-Crypto for Christmas? Gen Z-ers Are Cautiously Open to the Idea
-Four Perspectives on Bing Crosby
ritholtz.com/2025/12/chri...
-Santa might be Christmas’ main man, but Mrs. Claus would like a word
-Societies with Little Money Are Among the Happiest on Earth
-Crypto for Christmas? Gen Z-ers Are Cautiously Open to the Idea
-Four Perspectives on Bing Crosby
ritholtz.com/2025/12/chri...
December 25, 2025 at 12:44 PM
10 Christmas Day Reads
-Santa might be Christmas’ main man, but Mrs. Claus would like a word
-Societies with Little Money Are Among the Happiest on Earth
-Crypto for Christmas? Gen Z-ers Are Cautiously Open to the Idea
-Four Perspectives on Bing Crosby
ritholtz.com/2025/12/chri...
-Santa might be Christmas’ main man, but Mrs. Claus would like a word
-Societies with Little Money Are Among the Happiest on Earth
-Crypto for Christmas? Gen Z-ers Are Cautiously Open to the Idea
-Four Perspectives on Bing Crosby
ritholtz.com/2025/12/chri...
10 Xmas Eve Reads
Will Prediction Markets Make the Stock Market Obsolete?
Once Wall Street’s High Flyer, Private Equity Loses Its Luster
Inside America’s Costco economy
Mortgage Rates Are Falling but Owners Still Won’t Sell
50+ US Lawmakers Are Retiring Next Year. Why?
ritholtz.com/2025/12/chri...
Will Prediction Markets Make the Stock Market Obsolete?
Once Wall Street’s High Flyer, Private Equity Loses Its Luster
Inside America’s Costco economy
Mortgage Rates Are Falling but Owners Still Won’t Sell
50+ US Lawmakers Are Retiring Next Year. Why?
ritholtz.com/2025/12/chri...
10 Christmas Eve Reads - The Big Picture
My “Its Christmas Eve already?” early morning reads: • Prediction Markets Will Make the Stock Market Obsolete. Yes or No? As prediction markets surge, Wall Street is grappling with an uncomfortable qu...
ritholtz.com
December 24, 2025 at 1:18 PM
10 Xmas Eve Reads
Will Prediction Markets Make the Stock Market Obsolete?
Once Wall Street’s High Flyer, Private Equity Loses Its Luster
Inside America’s Costco economy
Mortgage Rates Are Falling but Owners Still Won’t Sell
50+ US Lawmakers Are Retiring Next Year. Why?
ritholtz.com/2025/12/chri...
Will Prediction Markets Make the Stock Market Obsolete?
Once Wall Street’s High Flyer, Private Equity Loses Its Luster
Inside America’s Costco economy
Mortgage Rates Are Falling but Owners Still Won’t Sell
50+ US Lawmakers Are Retiring Next Year. Why?
ritholtz.com/2025/12/chri...
Reposted by Barry Ritholtz
6 simple ways to improve your investment performance:
1. Automate & get out of the way
2. Think portfolio not individual investments
3. Consolidate
4. Track your performance
5. Define your time horizon
6. Save more money
awealthofcommonsense.com/2025/12/6-si...
1. Automate & get out of the way
2. Think portfolio not individual investments
3. Consolidate
4. Track your performance
5. Define your time horizon
6. Save more money
awealthofcommonsense.com/2025/12/6-si...
6 Simple Ways to Improve Your Investment Performance - A Wealth of Common Sense
Some thoughts on how to simplify your investments and improve performance.
awealthofcommonsense.com
December 23, 2025 at 1:53 PM
6 simple ways to improve your investment performance:
1. Automate & get out of the way
2. Think portfolio not individual investments
3. Consolidate
4. Track your performance
5. Define your time horizon
6. Save more money
awealthofcommonsense.com/2025/12/6-si...
1. Automate & get out of the way
2. Think portfolio not individual investments
3. Consolidate
4. Track your performance
5. Define your time horizon
6. Save more money
awealthofcommonsense.com/2025/12/6-si...
Reposted by Barry Ritholtz
New Fox News poll shows Trump's approval on:
Border Security: +2
Crime and public safety: -5
Immigration: -10
Foreign Policy: -15
Economy: -22
Healthcare: -25
Spending: -25
Tariffs: -28
static.foxnews.com/foxnews.com/...
Border Security: +2
Crime and public safety: -5
Immigration: -10
Foreign Policy: -15
Economy: -22
Healthcare: -25
Spending: -25
Tariffs: -28
static.foxnews.com/foxnews.com/...
static.foxnews.com
December 21, 2025 at 2:20 AM
New Fox News poll shows Trump's approval on:
Border Security: +2
Crime and public safety: -5
Immigration: -10
Foreign Policy: -15
Economy: -22
Healthcare: -25
Spending: -25
Tariffs: -28
static.foxnews.com/foxnews.com/...
Border Security: +2
Crime and public safety: -5
Immigration: -10
Foreign Policy: -15
Economy: -22
Healthcare: -25
Spending: -25
Tariffs: -28
static.foxnews.com/foxnews.com/...
Nothing about bagels, though…
"People who regularly ate higher-fat cheese and cream had a lower risk of developing dementia over 25 years, while low-fat dairy and other dairy foods showed no clear association, according to a new study."
abcnews.go.com/Health/high-...
"People who regularly ate higher-fat cheese and cream had a lower risk of developing dementia over 25 years, while low-fat dairy and other dairy foods showed no clear association, according to a new study."
abcnews.go.com/Health/high-...
abcnews.go.com
December 21, 2025 at 12:37 PM
Nothing about bagels, though…
"People who regularly ate higher-fat cheese and cream had a lower risk of developing dementia over 25 years, while low-fat dairy and other dairy foods showed no clear association, according to a new study."
abcnews.go.com/Health/high-...
"People who regularly ate higher-fat cheese and cream had a lower risk of developing dementia over 25 years, while low-fat dairy and other dairy foods showed no clear association, according to a new study."
abcnews.go.com/Health/high-...
Abundant Energy, via @bpmehlman
brucemehlman.substack.com/p/six-chart-...
"By 2050, energy is likely to be far more abundant, clean, + reliable. Ultra-low-cost solar might continue scaling globally + get paired with major advances in energy storage that smooth out daily + seasonal variability.
brucemehlman.substack.com/p/six-chart-...
"By 2050, energy is likely to be far more abundant, clean, + reliable. Ultra-low-cost solar might continue scaling globally + get paired with major advances in energy storage that smooth out daily + seasonal variability.
December 21, 2025 at 12:19 PM
Abundant Energy, via @bpmehlman
brucemehlman.substack.com/p/six-chart-...
"By 2050, energy is likely to be far more abundant, clean, + reliable. Ultra-low-cost solar might continue scaling globally + get paired with major advances in energy storage that smooth out daily + seasonal variability.
brucemehlman.substack.com/p/six-chart-...
"By 2050, energy is likely to be far more abundant, clean, + reliable. Ultra-low-cost solar might continue scaling globally + get paired with major advances in energy storage that smooth out daily + seasonal variability.
Reposted by Barry Ritholtz
Highly recommended!
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs."
bfi.uchicago.edu/wp-content/u...
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs."
bfi.uchicago.edu/wp-content/u...
December 20, 2025 at 7:55 PM
Highly recommended!
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs."
bfi.uchicago.edu/wp-content/u...
"The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman.
"...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs."
bfi.uchicago.edu/wp-content/u...
Reposted by Barry Ritholtz
Equities outside the US outperformed this year for the first time in awhile, and its not entirely a dollar story in many cases.
December 20, 2025 at 4:11 PM
Equities outside the US outperformed this year for the first time in awhile, and its not entirely a dollar story in many cases.
Wells Fargo's economic chart of the year
via Myles Udland
via Myles Udland
December 20, 2025 at 2:29 PM
Wells Fargo's economic chart of the year
via Myles Udland
via Myles Udland