Ben Carlson
Director of institutional asset management at Ritholtz Wealth Management and author of the blog A Wealth of Common Sense, which argues most of investing is behaviour rather than analysis.
Ben Carlson did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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Their wordsThe Fed is probably going to keep hiking interest rates because inflation is higher than they'd like and economic growth remains strong.
↗Strange Timesawealthofcommonsense.com 1st of 3 in this piece
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Their wordsBut raising short-term interest rates isn't going to stop the war in Iran to bring energy prices back down.
↗Strange Timesawealthofcommonsense.com 2nd of 3 in this piece
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Their wordsIt's possible inflation will remain high for some time even if the Fed keeps raising rates because of the war and AI capex binge.
↗Strange Timesawealthofcommonsense.com 3rd of 3 in this piece
- 2 days earlier
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Their wordsYou could make the case that this is the hardest environment of all-time for active managers.
↗Most Stocks Are Losersawealthofcommonsense.com 1st of 3 in this piece
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Our reading
This period has been one of the best times for individual investors to outperform the market.
Their wordsIronically, this has likely been one of the best times to outperform as an individual investor.
↗Most Stocks Are Losersawealthofcommonsense.com 2nd of 3 in this piece
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Their wordsI suppose it's possible mega caps will rule the stock market for all of eternity but I wouldn't bet on it.
↗Most Stocks Are Losersawealthofcommonsense.com 3rd of 3 in this piece
- 1 day earlier
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startupsdesignventure capitalinvestingnetwork science
Their wordsVenture capital is a power law strategy by design. The hope is 1-2 big winners make up for all of the other losers.
↗Can You Be a Boglehead Tech Investor?awealthofcommonsense.com 1st of 3 in this piece
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Our reading
Companies are staying private longer partly because private-market investors have overvalued them.
Their wordsOne of the reasons so many companies are staying private longer is because private market investors overvalued them.
↗Can You Be a Boglehead Tech Investor?awealthofcommonsense.com 2nd of 3 in this piece
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Their wordsJust know those investments are essentially lottery tickets.
↗Can You Be a Boglehead Tech Investor?awealthofcommonsense.com 3rd of 3 in this piece
- 3 weeks earlier
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Our reading
Rising concentration in the stock market is a feature of bull markets rather than a warning sign.
Their wordsStock market concentration is a bull market phenomenon.
↗It’s a Concentrated Worldawealthofcommonsense.com 1st of 3 in this piece
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Their wordsThe market cap weights make sense relative to the fundamentals.
↗It’s a Concentrated Worldawealthofcommonsense.com 2nd of 3 in this piece
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Their wordsEven if AI makes the pie grow bigger, it feels like a better bet that it will only increase the level of concentration in the stock market and economy if the past is a good predictor of the future.
↗It’s a Concentrated Worldawealthofcommonsense.com 3rd of 3 in this piece
- 3 days earlier
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Our reading
Portfolios get changed because of life events far more often than because of market events.
Their wordsOne of the biggest lessons I’ve learned working in wealth management all these years is that portfolio changes in client accounts happen more frequently from life events rather than market events.
↗How to Invest When Your Portfolio Gets Biggerawealthofcommonsense.com 1st of 2 in this piece
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Their wordsHow much you save has a far greater impact than your investments early on in your career. But as your portfolio grows, investment returns swamp your savings because of the wonders of compounding.
↗How to Invest When Your Portfolio Gets Biggerawealthofcommonsense.com 2nd of 2 in this piece
- 6 days earlier
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Our reading
The United States is not at risk of a financial crisis caused by the size of its government debt.
Their wordsSo my baseline assumption is that people will continue complaining about the trillions of dollars we have in debt but it won’t lead to a financial crisis.
↗My Most Contrarian Opinion Right Nowawealthofcommonsense.com 1st of 3 in this piece
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public debtgovernmentfiscal policy
Their wordsI think the fact that the government took on debt during two crises to help households was a good trade-off.
↗My Most Contrarian Opinion Right Nowawealthofcommonsense.com 2nd of 3 in this piece
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Our reading
The real danger of high government debt is the policy errors it provokes, not a debt crisis.
public debtgovernmentfiscal policy
Their wordsBut I am worried about high government debt levels causing policy errors.
↗My Most Contrarian Opinion Right Nowawealthofcommonsense.com 3rd of 3 in this piece
- 1 day earlier
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Their wordsOccasional downturns in the stock market are perfectly normal. You have to get used to losing money if you want to survive the stock market.
↗10 Things You Need to Know About Investing in Stocksawealthofcommonsense.com 1st of 3 in this piece
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Their wordsThere is no such thing as an average experience in the stock market until you’ve been investing for a very long time.
↗10 Things You Need to Know About Investing in Stocksawealthofcommonsense.com 2nd of 3 in this piece
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Their wordsBut if you think about this another way, there have only been three non-overlapping 30 year periods in modern stock market history.
↗10 Things You Need to Know About Investing in Stocksawealthofcommonsense.com 3rd of 3 in this piece