Michael Batnick
Managing partner at Ritholtz Wealth Management. Writes the blog The Irrelevant Investor and co-hosts the Animal Spirits podcast with Ben Carlson.
Michael Batnick 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 wordsAnd then you give people more responsibility than they qualify for because in that forge you find out who swims and who doesn't. And if you have that kind of environment out of it's going to come pretty good people.
- 7 months earlier
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Their wordsThe trade war hasn't hit our data yet, but it will. Unlike 2022, the fears will eventually manifest in the hard data.
↗The Irrelevant Investortheirrelevantinvestor.com 1st of 2 in this piece
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Their wordsWithout being too alarmist, and mostly because I wanted to sneak that quote in, that's similar to how I'd describe the current economic situation. Even if we do make a deal, damage is being done every day that we will feel.
↗The Irrelevant Investortheirrelevantinvestor.com 2nd of 2 in this piece
- 5 years earlier
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Their wordsThe more stock market volatility you can handle, the higher returns you're going to receive.
↗The Irrelevant Investortheirrelevantinvestor.com 1st of 2 in this piece
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Their wordsThe likelihood of a stock market crash is low, but they happen because people are panicking, so it's perfectly rational to think that you might get caught up in the storm.
↗The Irrelevant Investortheirrelevantinvestor.com 2nd of 2 in this piece
- 7 months earlier
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Their wordsOne of the ways in which these challenges will manifest themselves are a continued division of our country, with politicians on both sides going further out on the tribal spectrum.
↗The Irrelevant Investortheirrelevantinvestor.com 1st of 2 in this piece
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Their wordsWe have plenty of economic problems in this country, but buybacks are not the reason for our problems and eliminating them is not the answer.
↗The Irrelevant Investortheirrelevantinvestor.com 2nd of 2 in this piece
- 23 months earlier
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Their wordsI've shared this admittedly cherry-picked chart in the past to support my view (which hasn't changed) that gold is a great trading vehicle, but it is not a great long-term investment.
↗The Irrelevant Investortheirrelevantinvestor.com 1st of 3 in this piece
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Their wordsI like to say that the worst ten year period for any backtest is the next ten years, but I think that this simple trend following rule should continue to be effective in the future.
↗The Irrelevant Investortheirrelevantinvestor.com 2nd of 3 in this piece
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Their wordsThe reason why trend following works with gold is because gold doesn't trade on fundamentals, it trades on sentiment and emotion, which looks something like this.
↗The Irrelevant Investortheirrelevantinvestor.com 3rd of 3 in this piece
- 4 months earlier
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Our reading
Investing requires mental toughness bordering on insanity to significantly outperform the market.
Their wordsIt takes a lot of -self control to earn market returns. It takes skill to beat it, and it requires mental toughness bordering on insanity to crush it.
↗The Irrelevant Investortheirrelevantinvestor.com 1st of 2 in this piece
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Their wordsThe reason why most investors fail to capture market returns is because they overestimate their ability to stay calm when the terrain gets rough.
↗The Irrelevant Investortheirrelevantinvestor.com 2nd of 2 in this piece
- 5 months earlier
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Our reading
The classic 60/40 portfolio returns of the last 35 years will not be matched over the next 35 years.
Their wordsIt's hard to imagine that these results will be matched over the next 35 years, which has a lot of people looking to alternative ways of managing a portfolio.
↗The Irrelevant Investortheirrelevantinvestor.com 1st of 2 in this piece
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Their wordsI can't prove this, but I'd imagine it's more difficult to go through prolonged periods of underperformance while the rest of the world is singing Kumbaya than it is to stay in stocks through a bear market.
↗The Irrelevant Investortheirrelevantinvestor.com 2nd of 2 in this piece
- 10 months earlier
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Their wordsI absolutely believe that stocks are the best game in town. I don't think there is a better way for the average investor to grow their wealth.