Best Quotes By Barry Ritholtz

People who work in   specialized fields seem to have their own language. Practitioners develop a   shorthand to communicate among themselves. The jargon can almost sound like a   foreign language.

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.

You can blow on   the dice all you want, but whether they come up 'seven' is still a function   of random luck.

History shows us   that people are terrible about guessing what is going to happen - next week,   next month, and especially next year.

Content is king.   When you are asking people to read you several times a day, you better have   some fine content.

If I am going to   trash others for their dumb predictions, I must at least hold myself to the   same sort of accountability.

Little white lies   are told by humans all the time. Indeed, lying is often how we get through   each day in a happy little bubble. We spend time and energy rationalizing our   own behaviors, beliefs and decision-making processes.

Forecasting is   simply not a strength of the species; we are much better with tools and   narrative storytelling.

The good news is   that economists are intelligent, engaging and often charming folks. The bad   news is their work is often of little use to investors.