Chair/CIO of RWM https://nitter.cf/t.co/St006fc1z6 Masters-in-Business podcast/radio host Director of Cognitive Dissonance
NYC
Joined June 2009
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It's finally here! Hardcover, kindle, and audio versions of:
How NOT To Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them
HowNottoInvestbook dot com
Barry Ritholtz retweeted
Is AI a bubble? I asked Barry @ritholtz.
His answer starts with a question of his own, and he makes the case that investors should be watching the “Magnificent 493.”
(He also shares the startup pitch he called “the single dumbest idea” he’d ever heard.)
youtube.com/watch?v=MO2GX0Hw…
Barry Ritholtz retweeted
It’s Never Been Easier To Beat This Market
"Most stocks don’t outperform risk-free Treasuries. The majority of stocks have a negative return over their lifetime. Outperforming the indices is problematic."
buff.ly/hB8ViJa
by @ateachmoment
Barry Ritholtz retweeted
This is great — thanks @Ritholtz
Balyasny's founder Dmitry Balyasny on what a $50 million trader pay package actually is:
"If you have something that says Trader XYZ lost $50 million, that sounds like a giant number, but you have to remember, we're managing $28 billion."
"A typical portfolio manager might be managing a couple billion in gross market value. So that's 2.5%, which is not good."
"That pay package is composed of lots of different things."
"It might include a guarantee for the time that the person is out of the market. It might include a budget for hiring out their team."
"And it also might include extra upside incentives which are only paid out if the person delivers a certain amount of P&L."
"Usually with that type of number, you're budgeting that person to generate P&L of one hundred million plus a year."
