Barry Ritholtz explains how not to make stupid investing mistakes
Barry Ritholtz, co-founder and chief investment officer of Ritholtz Wealth Management and a longtime adviser, digs into the things that have made him “less stupid” in his latest book.
“How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth — and How to Avoid Them” isn’t a navel-gazing reveal of his savvy investing philosophy, but rather a playbook on the theme that steering clear of errors is much more important than scoring wins.
I asked Barry to share the mistakes that trip most of us up and what we can do about it. Below are excerpts of our conversation, edited for length and clarity.
Kerry Hannon: Why are most of us better off sticking to a simple investing strategy?
Barry Ritholtz: Historically,…