Nov 29, 2012
Michael Covel talks with Barry Ritholtz, an author ("Bailout Nation"), newspaper columnist, blogger (www.ritholtz.com), equities analyst, television commentator, and CEO of Fusion IQ. Ritholtz is deep down a quant guy, but brings strong views and opinions. However, he won't sit around and "fight the tape". Covel and Ritholtz talk about the price of paying attention and why you should be selective in what you watch, read, and listen to; the onslaught of political information; the insatiable need to consume information and knowing when it's the right time to quarantine yourself from being influenced by someone in particular; Ritholtz's views on gold, why attaching your emotional well-being to it is wrong, and how it won't be quite as valuable as most people think in the event of a crisis; cutting your losses short and letting your winners run; the real value of intuition; how Ritholtz views the world and where we're at right now, societal and economic cycles, and how you can't be a doom and gloomer seeing what's coming down the pipeline in the next generation; and the importance of not being cash rich and time poor, getting "lost in the screens", and leading a good life instead of always chasing money for its own sake. Ritholtz brings a fun and engaging edge to the podcast. He also appeared in Covel's documentary film "Broke". Ignore his wisdom at your financial peril. Free DVD: www.trendfollowing.com/win.