korrents
Nick Maggiulli

What Nick Maggiulli thinks about stock market

@nick-maggiulli · 20 positions · 1 change of mind · On ppll ↗

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.

Filter stock market · Newest first
Topic
All 20investing 8stock market 6America 3AI and jobs 2startups 2value investing 2agency 1AI and human skill 1ambition 1
2 more topics
behavioural science 1LLMs 1
Sort
NewestOldest

Only Nick Maggiulli on stock market. See everyone on stock market

6 dated positions, 2025 to 2026, in their own words. Our reading of what Nick Maggiulli has said — not written or endorsed by them.

  1. Our reading · no longer heldThe froth visible in US markets in 2025 was the 2021 mania returning, and reason enough to take risk off.

    America

    No longer holdsSince then U.S. stocks are up 16% (total return) and my bearish prediction turned out to be misguided.

    SaidMy issue wasn’t that the parallels didn’t exist—they did. My issue was that much of the speculative stuff of 2021 ended up failing (NFTs, DeFi, etc.) while much of the speculative stuff of 2025 (AI) seems to be succeeding.

    ↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 1st of 5 in this piece

  3. Our readingThe S&P 500’s price-to-sales ratio no longer signals what it once did, because today’s companies earn higher margins.

    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

  5. Our readingThe base rate for US stocks over any one year is that they rise, and forgetting it is how market calls go wrong.

    America

    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

  7. Our readingAn investor's starting point should be the portfolio that is best to hold independent of any tactical market view

    investing

    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

  8. 4 weeks earlier

  9. Our readingRefusing to commit is the right strategy inside a portfolio and the wrong one everywhere else in life.

    investing

    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

  10. 11 months earlier

  11. Our readingThe froth visible in US markets in 2025 was the 2021 mania returning, and reason enough to take risk off.

    Their wordsIt’s not that any one of these things represents a mania, but collectively they do. And I know what can happen after that mania.

    ↗Why I’m Bearish on U.S. Stocks (for the Second Time Since 2017)ofdollarsanddata.com