Nick Maggiulli
Writer of the personal-finance blog Of Dollars And Data and author of Just Keep Buying; COO at Ritholtz Wealth Management.
Nick Maggiulli 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 real case for working at a startup isn't always the equity, but the experience and the network that comes along with it.
↗Is Startup Equity a Bad Deal?ofdollarsanddata.com 1st of 3 in this piece
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Their wordsI'd never recommend that someone take on a concentrated, illiquid asset that is correlated with their main source of income, but then again, that's why these outsized rewards exist in the first place.
↗Is Startup Equity a Bad Deal?ofdollarsanddata.com 2nd of 3 in this piece
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Their wordsStatistically, for most employees, it will turn out worse than they hope. But if you negotiate the right terms and set the proper expectations around exit, it can still be worth the risk.
↗Is Startup Equity a Bad Deal?ofdollarsanddata.com 3rd of 3 in this piece
- 7 days earlier
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Their wordsthe Optimal Portfolio is the ideal solution to the world of yesterday, not the world of tomorrow. This is why the "best" portfolio will always be an illusion.
↗What Was the Best Portfolio Over the Last 50 Years?ofdollarsanddata.com 1st of 2 in this piece
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Their wordsThis has convinced me that the actual optimal portfolio is the one that you can stick with no matter what the world throws at you.
↗What Was the Best Portfolio Over the Last 50 Years?ofdollarsanddata.com 2nd of 2 in this piece
- 7 days earlier
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Their wordsBecause, in my experience, people hate paying taxes more than they like making money.
↗Living Poor to Die Richofdollarsanddata.com 1st of 3 in this piece
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Their wordsUnfortunately, gains generated that quickly can become a financial prison that you can't escape from.
↗Living Poor to Die Richofdollarsanddata.com 2nd of 3 in this piece
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Their wordsI mean poor in the sense that money you'll never spend isn't really your money.
↗Living Poor to Die Richofdollarsanddata.com 3rd of 3 in this piece
- 7 days earlier
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Our reading
As AI displaces entry-level jobs, the return on investment for graduate degrees will rise.
Their wordsAs AI hollows out entry-level work (there's already some evidence for this), counterfactual earnings will decline. As a result, the ROI of getting a graduate degree should go up.
↗Which Graduate Degrees Are the Best Investment? (Why I Skipped My MBA)ofdollarsanddata.com 1st of 3 in this piece
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Their wordsAI is incredible for certain kinds of tasks, but I still believe there is no substitute for thinking.
↗Which Graduate Degrees Are the Best Investment? (Why I Skipped My MBA)ofdollarsanddata.com 2nd of 3 in this piece
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Their wordsMore importantly, even if AI could do the job, that doesn't mean it will be allowed to.
↗Which Graduate Degrees Are the Best Investment? (Why I Skipped My MBA)ofdollarsanddata.com 3rd of 3 in this piece
- 7 days earlier
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Their wordsTherefore, the only correct interpretation of the P/S ratio over the last decade is that it doesn’t signal what it used to.
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 2nd of 5 in this piece
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Their wordsthe base rate for U.S. stock performance (in aggregate) over one year is that they go up
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 3rd of 5 in this piece
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Their wordsit’s better to have a portfolio that can handle stocks whether they are overvalued or not
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 4th of 5 in this piece
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Our reading
A portfolio you cannot hold through an ordinary market cycle is not a portfolio but a bet.
Their wordsBecause if you can’t handle standard market cycles, then you don’t have a portfolio, you have a bet.
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 5th of 5 in this piece
- 3 weeks earlier
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Their wordsThe habituation to novel experiences makes spending money earlier in life more valuable than later in life.
↗Why $100 in Your 20s is Worth $500 in Your 60sofdollarsanddata.com 1st of 2 in this piece
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Their wordsBlowing all your money while young isn’t a smart move, but hoarding money now that you won’t spend later is worse.
↗Why $100 in Your 20s is Worth $500 in Your 60sofdollarsanddata.com 2nd of 2 in this piece
- 7 days earlier
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Their wordsIn investing, non-commitment leads to better than average outcomes for the typical investor.
↗The Problem with Optionalityofdollarsanddata.com 1st of 2 in this piece
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Our reading
Every year spent keeping your options open is a year not spent on whatever you eventually commit to.
Their wordsEvery year you spend with options is another year you don’t spend on the thing you eventually commit to.
↗The Problem with Optionalityofdollarsanddata.com 2nd of 2 in this piece
- 3 years earlier
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Our reading
There is no correct list of best investing books, only the books that speak to a given reader
Their wordsIn the end, there is no "right" list of the best investing books. There are only those books that speak to you and those that don't.
↗The 11 Best Investing Books [That You Can't Miss]ofdollarsanddata.com