Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It скачать в хорошем качестве

Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It

Buy Barry's Book https://amzn.to/3F7APZP For transcript and deep dive research https://nadig.com In this initial episode of Rabbithole, Dave Nadig explores the psychology of money and investing with Barry Ritholtz, author of "How Not to Invest." Their conversation challenges conventional financial wisdom and reveals insights about what money is, and how we use and invest it. Key topics include: Why money is a tool for freedom and agency, not a store of value or end goal How childhood experiences shape our lifelong money behaviors and attitudes Why market crashes affect us differently at various life stages The dangers of algorithmic social media and information overload for investors Why avoiding mistakes is more important than chasing extraordinary returns Rethinking Bitcoin and other investments through better framing The wisdom of humility in financial decision-making Barry shares candid personal stories and draws on decades of experience as a trader, strategist, and wealth manager to identify the ideas, numbers, and behaviors that typically destroy wealth. 0:00 - Introduction 0:21 - What we get wrong about money 1:15 - Money as a tool, not an end goal 2:44 - Why money is not a store of value 5:43 - Family dynamics and money psychology 8:05 - Why market crashes affect us differently at various life stages 11:05 - Agency and control in financial life 13:05 - The dollar's purpose as a medium of exchange 16:19 - The Keynesian money illusion 18:04 - How past experiences shape our financial decisions 19:47 - Bitcoin narratives and cryptocurrency framing 23:15 - Thinking of Bitcoin as a technology company 24:33 - Owning asset classes vs. individual stocks 26:47 - The problem with algorithmic social media 30:20 - The dangers of making too many investment decisions 31:15 - Charlie Munger's wisdom on being "less stupid" 34:15 - Book introduction: "How Not to Invest"