Team Favorite At the Money: Should You Be A Stock Picker?

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 18 December 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

We know it’s challenging, but should you try your hand at stock picking? It's fun, it gives you something to talk about at parties, but is it profitable? Larry Swedroe, Head of Financial and Economic Research at Buckingham Strategic Wealth, which manages or advises on $70 Billion in client assets, speaks with Barry Ritholtz about the challenges of picking stocks. Only a few people have been successful at it over time, and they have become household names. Most of the rest have not earned their costs.

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0:00.0	Enterprises are busy embracing the technologies that underpin industry 4.0, such as AI and automation.
0:07.0	But now the fifth industrial revolution is coming.
0:10.0	So what is it and what could it mean for our jobs?
0:12.0	I'm Hannah Frye. You can learn more later in the podcast.
0:15.0	What could you do if your data was working for you and not against you. With Bloomberg delivering enterprise
0:22.9	data directly to your systems, you get easy access to the details you want, optimized for
0:29.1	higher level analysis, and financial data experts committed to helping you maximize your
0:34.5	every move. Our data is made for more so you can show the world what you're made of.
0:41.3	Visit Bloomberg.com slash enterprise data to learn more.
0:47.3	Bloomberg Audio Studios.
0:49.7	Podcasts, radio, news.
0:53.2	Because I'm a picker, I'm a gritter, I'm a lover, and I'm a sinner.
0:59.0	I'm Barry Rittaltz, and on today's edition of At the Money, we're going to discuss whether or not you should try your hand at stock picking.
1:08.2	It's fun, it gives you stuff to talk about at parties, but is it profitable?
1:13.4	To help us unpack all of this and what it means for your portfolio, let's bring in Larry Swedro,
1:19.0	head of financial and economic research at Buckingham Strategic Wealth, the firm manages or
1:24.2	advises on over $70 billion in client assets, and Swaydrow has written or co-written
1:30.6	20 books on investing. So, Larry, I know you're not a big fan of stock picking. What's the
1:38.0	problem with throwing a couple of great stocks into your portfolio? If it's done for an entertainment
1:43.8	account in the same way that we don't expect to get rich
1:48.8	going to Las Vegas, no one would invest their IRA in the casinos of Las Vegas or go to
1:56.5	the racetrack with it.
	...

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