Brutally honest guide to not losing money in the market
About this episode
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- Episode 832: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to legendary fund manager Barry Ritholtz( https://x.com/Ritholtz ) about the behaviors that destroy returns for investors and how to avoid them.
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Show Notes:
(0:00) Intro
(2:19) christmas tree portfolio
(4:43) the cowboy account
(9:51) day trading
(11:09) Barry yells at Lloyd Blankfein
(13:46) panic selling
(16:45) sam picks a fight
(18:46) direct indexing
(21:43) Great investors
(27:25) 90% of everything is crap
(36:14) Elon's foray into PE
(44:02) Predicting the housing crisis
(46:01) spending a year as the dumbest guy on wall street
(49:01) Why bubbles are good for the economy
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Links:
- • How Not To Invest - https://www.hownottoinvestbook.com/
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Check Out Sam's Stuff:
- • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
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Check Out Shaan's Stuff:
- • Shaan's weekly email - https://www.shaanpuri.com
- • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /