At the Money: Here's Why Investing Is So Hard

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 16 October 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Why is investing so hard? It's because our brains have been trained, over thousands of years, to trust our fear instincts. In this episode, Brian Portnoy sits down with Barry Ritholtz to explain why humans aren't built to be good investors. Portnoy has held senior investment roles throughout the hedge fund and mutual fund industries. He is also the author of the bestselling books, 'The Geometry of Wealth' and 'The Investors Paradox.'

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Business stories aren't just about business. They're also about policy, politics, finance, and more.
0:06.5	With Bloomberg, you stay informed on global coverage that connects the dots.
0:10.5	The Bloomberg mobile app now features Apple Car Play and Android Auto so you can get the latest live radio,
0:16.7	podcasts and audio articles in the car. Download the Bloomberg Mobile App now to get started.
0:22.0	Find it in the Apple App Store or on Google Play.
0:24.7	Bloomberg in-car apps are sponsored by interactive brokers.
0:28.0	I'm Barry Ritolts and I'm excited to tell you about my new podcast at the money. Each week I'm going to spend about 10 minutes or so
0:38.0	diving deep into a specific topic that affects you and your money, acquiring it, spending it, and most of all
0:46.1	investing it. We'll talk about things like portfolio construction, why fees
0:51.8	matter, how to build a set of bond holdings, why it matters so much to
0:57.4	manage your own behavior as an investor.
1:00.8	Strap in for at the money starting right now.
1:05.0	The psychology and behavior of some of your customers.
1:10.0	The wall of worry is now fully rebuilt.
1:13.6	Bad news is good news and good news is bad news and sometimes no news is welcome news.
1:18.0	It's a tricky time.
1:19.2	We're looking for pullbacks, we're looking for opportunity really to get more positive on the
1:23.7	markets. There is this reflexive move when there's a sell-off to buy. At what point
1:28.1	does that buy the dip turn and then the psychology can change? Have you ever wondered why investing is so hard?
1:36.0	Why is it that your instincts always lead you astray?
1:40.0	Why are stories so compelling but probabilities leave us cold?
1:44.8	Why do you join the crowd buying in at the top and then panic cell at the bottom?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.