Barry Ritholtz
Barry Ritholtz
Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CIO of Ritholtz Wealth Management, and guest commentator on Bloomberg Television. He is also a former contributor to CNBC and TheStreet.com...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
fund incredibly manage select sell time
The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.
funds investors lands magazine money revert terrific
Often, investors will discover a manager after he's had a terrific run, usually when he lands on a magazine cover somewhere. Invariably, funds swell up with new investor money just before they revert to their long-term averages.
force fund investors kick managers mutual run tend
Investors tend to discover 'hot' mutual fund managers just after a successful run and just before the inescapable force of mean reversion is about to kick in.
funds high investment investors minimum money require windows withdraw
Hedge funds are not especially liquid. Many are 'gated' - meaning there are only small windows when you can withdraw your money. They typically have a high minimum investment and often require investors keep their money in the fund for at least one year.
alpha charge fund harder managers mere mutual
Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.
clients demand differ fund individual investors needs performance reports retiring three time whose
A hedge fund manager whose clients demand monthly performance reports has different needs than any individual investors with a 20-year time horizon. The needs of that long-term investor differ markedly from someone who is retiring in three years.
assets based fund managers money paid
Mutual fund managers want your money in their funds. They get paid based on assets under management.
captured fund guys managers perhaps plus
Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination.
keeping tight
Anyone can make an article longer; the skill is keeping it tight and lean.
When it comes to investing, there is no such thing as a one-size-fits-all portfolio.
apparent capital guessing market nearly people pick stock tops whenever
Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.
accountant add costs fail good investors low margin math money recognize taxes
Commissions add up, taxes are a big drag, margin ain't cheap. A good accountant costs money as well. The math on this one is obvious, yet investors often fail to recognize it: Keep your costs low and your turnover lower, and you will win in the end.
cannot decimal forecast whenever wonder written
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.
build cannot people putting social unless
In social media, people cannot build big followings organically unless what they are putting out to the world has value.