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The Big Picture

@ritholtz.com.web.brid.gy

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media [bridged from https://ritholtz.com/ on the web: https://fed.brid.gy/web/ritholtz.com ]

108 Followers  |  0 Following  |  967 Posts  |  Joined: 15.01.2025  |  1.4426

Latest posts by ritholtz.com.web.brid.gy on Bluesky

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10 Sunday Reads Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Tesla May Have Sold a Million Fewer Cars Because of Elon Musk’s Toxic Politics: The billionaire CEO did his electric vehicle company no favors by aligning with the MAGA movement and serving as a high-profile Trump adviser, a new report finds. (Rolling Stone)… Read More The post 10 Sunday Reads appeared first on The Big Picture.
02.11.2025 11:30 — 👍 0    🔁 0    💬 0    📌 0
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10 Weekend Reads The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Can the Golden Age of Costco Last? With its standout deals and generous employment practices, the warehouse chain became a feel-good American institution. In a fraught time, it can be hard… Read More The post 10 Weekend Reads appeared first on The Big Picture.
01.11.2025 10:55 — 👍 0    🔁 0    💬 0    📌 0
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MiB: Jon Hilsenrath, Serpa Pinto Advisory on the Fed  This week, I speak with Jon Hilsenrath of Serpa Pinto Advisory. They discuss Jon’s 26-year career at the Wall Street Journal as a reporter, earning him the title of “Fed Whisperer.” He worked out of Hong Kong, N.Y.C., and D.C. He was part of the Pulitzer Prize-winning team for on-scene coverage of 9/11. He is… Read More The post MiB: Jon Hilsenrath, Serpa Pinto Advisory on the Fed appeared first on The Big Picture.
31.10.2025 13:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Friday AM Reads Happy Halloween! My end-of-week morning Trick or Treat reads: • 6 ways the shutdown is about to get worse: Programs ranging from Head Start to SNAP face new strain November 1. (Politico) • Is it really a bubble? We’ll probably know in five years’ time. (Financial Times) see also This market analyst is an expert on… Read More The post 10 Friday AM Reads appeared first on The Big Picture.
31.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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How to Avoid the Traps that Most Investors Fall For This was a fun, and surprisngly intense Big Think discussion. They throw a ton of questions at you for hours, and then edit it down to 60 minutes, minus the questions. Full transcript is here; shorter 5-10 minute excerpts are more watchable — and you can find them by specific topic. See these subjects… Read More The post How to Avoid the Traps that Most Investors Fall For appeared first on The Big Picture.
30.10.2025 14:00 — 👍 0    🔁 1    💬 0    📌 0
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10 Thursday AM Reads My morning train WFH reads: • It Is Trump’s Casino Economy Now. You’ll Probably Lose. Step into the casino that now passes for the American economy. The casino economy was built on speculation and risk. Across markets and policy, wagers on the future are being made with other people’s money at a cost that could prove… Read More The post 10 Thursday AM Reads appeared first on The Big Picture.
30.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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At The Money: Monetizing Dirt At The Money: Monetizing Dirt with Brandon Zick, Ceres Fund (October 29, 2025) Land is more than just a place to build a house, commercial building, or farm. Real assets can be monetized through Mineral and gas rights, solar and wind, recreation, and even AI. Full transcript below. ~~~ About this week’s guest:… Read More The post At The Money: Monetizing Dirt appeared first on The Big Picture.
29.10.2025 16:00 — 👍 0    🔁 0    💬 0    📌 0
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RWM Coming to DC! I am excited to let you know we will be coming back to D.C. next month, November 17th and 18th. Our relationship with the nation’s capital goes back to the earliest days of the firm. When we launched in 2013, I was writing a twice-monthly personal finance column for the Washington Post. DC… Read More The post RWM Coming to DC! appeared first on The Big Picture.
28.10.2025 16:30 — 👍 0    🔁 0    💬 0    📌 0
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Transcript: Liz Ann Sonders, Chief Investment Strategist at Charles Schwab The transcript from this week’s, MiB: Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in… Read More The post Transcript: Liz Ann Sonders, Chief Investment Strategist at Charles Schwab appeared first on The Big Picture.
28.10.2025 13:00 — 👍 0    🔁 0    💬 0    📌 0
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Boiling the Frog: 2025 in Policy, Markets & the Economy ‘Where the hell is the market risk?’ – Scott Bessent, United States Secretary of the Treasury Whenever I hear policymakers point to rising markets as proof that their “policies are working,” it makes my Spidey-sense tingle. It should do the same to yours. The current moment in time feels especially confusing. Crosscurrents… Read More The post Boiling the Frog: 2025 in Policy, Markets & the Economy appeared first on The Big Picture.
27.10.2025 21:00 — 👍 0    🔁 0    💬 0    📌 0
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Thaler & Imas at ECNY: MiB Live Tonight, I am interviewing tow University of Chicago’s Booth School of Business professors: Nobel Laureate and Professor of Behavioral Science and Economics Richard Thaler, and his co-author, Professor of Behavioral Science, Economics and Applied AI Alex Imas. The two updated Thaler’s classic BeFi book, “The Winner’s Curse: Behavioral Economics Anomalies, Then and Now.” Should… Read More The post Thaler & Imas at ECNY: MiB Live appeared first on The Big Picture.
27.10.2025 19:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Monday AM Reads My back-to-work morning train WFH reads: • How Many Stocks Outperform the Stock Market? By my calculations, 149 stocks outperformed the index in the five years ending 2020. That’s around 30% of the total. That’s a fairly low number. In the last 5 years, 241 stocks outperformed the S&P 500’s return. That’s more like 50%… Read More The post 10 Monday AM Reads appeared first on The Big Picture.
27.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
“How NOT to Invest” with Bruce Mehlman Bruce Mehlman is an interesting guy who runs a bipartisan consulting shop in D.C. Check out his work at BruceMelhman. The post “How NOT to Invest” with Bruce Mehlman appeared first on The Big Picture.
26.10.2025 16:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Sunday Reads Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • My Car Is Becoming a Brick: EVs are poised to age like smartphones: Cars from the 2000s/2010s will be serviceable for decades to come. Cars from the 2020s? Not so much… (The Atlantic) • Gambling. Investing. Gaming. There’s No Difference Anymore. Given a… Read More The post 10 Sunday Reads appeared first on The Big Picture.
26.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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MiB: Liz Ann Sonders, Chief Investment Strategist at Charles Schwab  This week, I speak with Liz Ann Sonders, chief investment strategist at Charles Schwab. Liz Ann focuses on the entire economy, including stocks, bonds, and overseas markets. She’s also the cohost of the On Investing podcast and a keynote speaker at numerous company and industry conferences. Liz Ann and Barry discuss her… Read More The post MiB: Liz Ann Sonders, Chief Investment Strategist at Charles Schwab appeared first on The Big Picture.
25.10.2025 13:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Weekend Reads The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Why I Don’t Own Any Gold. It’s not a productive asset. It doesn’t do anything — no earnings or cash flow. If you are big on innovation, gold seems more like a… Read More The post 10 Weekend Reads appeared first on The Big Picture.
25.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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A Short History of Bubbles Excess enthusiasm in asset prices spans a wide range: there is overly bullish sentiment, mispricing, overvaluation, speculative excess, booms, manias, and frenzies. And then there are Bubbles. People throw that word around far too easily; a bubble is a relatively rare event, and not something that occurs annually. We see bubbles only once… Read More The post A Short History of Bubbles appeared first on The Big Picture.
24.10.2025 16:30 — 👍 0    🔁 0    💬 0    📌 0
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10 Friday AM Reads My end-of-week morning train WFH reads: • When you shut the door on remote work, seasoned talent turns away: Veteran talent walks away the moment in-office work policy clashes with autonomy. McKinsey found 43% of prime-age employees, between 25 and 54, already work remotely, and nearly 60% want the option — an expectation gap of… Read More The post 10 Friday AM Reads appeared first on The Big Picture.
24.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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Revisiting the Wealth Effect It has been 15 years since I first addressed why the “Wealth Effect” is a simple correlation error: “The basic premise of the wealth effect is well known: As the value of stock portfolios rise during bull markets, investors enjoy a feeling of euphoria. This psychological state makes them feel more comfortable —… Read More The post Revisiting the Wealth Effect appeared first on The Big Picture.
23.10.2025 21:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Thursday AM Reads My morning train WFH reads: • The Myth of the Stock-Picker’s Market: Investors, be warned: Hope springs eternal, but outperformance is rare. (Morningstar) • Brokerages Battle to Win Over Active Investors. Trading Platforms Are the New Arms Race. They’re launching more-powerful trading tools and surprising new features in hopes of attracting more of these highly… Read More The post 10 Thursday AM Reads appeared first on The Big Picture.
23.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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At The Money: How Big Can Active ETFS Get?  At The Money: How Big Can Active ETFS Get? (Dave Nadig , October 22, 2025) Full transcript below. ~~~ About this week’s guest: Dave Nadig is President and Director of Research at ETF.com, and he shares with us how investors should navigate all of these new products. Dave helped design and market… Read More The post At The Money: How Big Can Active ETFS Get? appeared first on The Big Picture.
22.10.2025 19:00 — 👍 0    🔁 0    💬 0    📌 0
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Transcript: Henry Ward, Carta Chief Executive Officer The transcript from this week’s, MiB: Henry Ward, Carta Chief Executive Officer, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in Business with… Read More The post Transcript: Henry Ward, Carta Chief Executive Officer appeared first on The Big Picture.
21.10.2025 13:00 — 👍 0    🔁 0    💬 0    📌 0
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Ritholtz Wealth Management Coming to DC! Nov 17-18 Ladies and gentlemen, Ritholtz Wealth Management is coming to Washington, D.C., on November 17 & 18th. If you’re interested in talking to me and our wealth management team about how we solve complicated wealth management and investing problems, now is your chance! Whether it’s tax, estate planning, business succession, concentrated stock, multigenerational wealth,… Read More The post Ritholtz Wealth Management Coming to DC! Nov 17-18 appeared first on The Big Picture.
20.10.2025 19:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Monday AM Reads My back-to-work morning train WFH reads: • Volatility Is Back in the Stock Market. Here’s the Zen Way to Handle It. The S&P 500 fell 2.7% this past Friday, ending a 33-day streak without a 1% move and highlighting renewed market volatility. Diversification beyond the S&P 500 is recommended, with international stocks up 26% year… Read More The post 10 Monday AM Reads appeared first on The Big Picture.
20.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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10 Sunday Reads Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How America Got Hooked on Ultraprocessed Foods. The earliest processed foods promised ease and convenience. They filled the bellies of soldiers at war. But now, the evolution and explosion of ultraprocessed foods has become one of the greatest health threats of our… Read More The post 10 Sunday Reads appeared first on The Big Picture.
19.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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The Motley Fool Interview: How Not to Invest I spoke with Andy Cross and Jason Moser at The Motley Fool about HNTI. It was a surprisingly fun conversation with MF, a firm that built its business on stock picking. I got to explain why professionals are very good stock buyers, but terrible stock holders and sellers… See transcripts here or here.… Read More The post The Motley Fool Interview: How Not to Invest appeared first on The Big Picture.
18.10.2025 16:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Weekend Reads The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Inside the Credit Card Battle to Win America’s Richest Shoppers: The fierce fight between Amex and Chase is playing out over higher fees, extravagant events and every perk imaginable. (Bloomberg) free. … Read More The post 10 Weekend Reads appeared first on The Big Picture.
18.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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MiB: Henry Ward, Carta Chief Executive Officer This week, I speak with Henry Ward, Chief Executive Officer at Carta, a technology company that provides capitalization table management and valuation software for startups. They discuss founding a business, the growth of private markets, and his lobby efforts for retail investors to access private markets. The firm manages cap tables, compensation, valuations,… Read More The post MiB: Henry Ward, Carta Chief Executive Officer appeared first on The Big Picture.
17.10.2025 21:00 — 👍 0    🔁 0    💬 0    📌 0
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10 Friday AM Reads My end-of-week morning train WFH reads: • Revisiting “Intelligence Drift” Why AI models still feel like they’re getting dumber. Anecdotal but widespread experience of LLMs seeming great at first, then getting progressively “dumber” over time. With models like GPT-4 and Claude 3.5 Sonnet, users reported worse answers, incomplete responses, and outright refusals to work. (Artificial… Read More The post 10 Friday AM Reads appeared first on The Big Picture.
17.10.2025 10:30 — 👍 0    🔁 0    💬 0    📌 0
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RealTime Bubble Checklist My contrarian instincts often kick in when I see the crowd reaching a questionable consensus. Most of the time, what the crowd does IS the market; what they say, however, is often suspect. Over the past few years, the crowd has expected rapid Federal Reserve rate cuts that never materialized; there were repeated… Read More The post RealTime Bubble Checklist appeared first on The Big Picture.
16.10.2025 15:00 — 👍 0    🔁 0    💬 0    📌 0