My conversation with Nick Maggiulli.
Nick is the COO of Ritholtz Wealth Management. His blog tears about many common misconceptions about the finance with data.
Nick is a proponent of a broad based indexing approach and actually advises against what my blog is all about - stock picking.
I like Nick’s work because it challenges a lot of sacred cow ideas in the financial community. He has challenged ideas like the utility of the CAPE ratio in market timing and the idea that most stock returns have come from declining interest rates in the last forty years.
I hope you enjoy our conversation and thank you for subscribing!
Show notes:
Nick’s book, Just Keep Buying about the wisdom of regularly purchasing income-producing assets to build wealth.
Nick’s blog, OfDollarsandData.
Nick’s post on the utility of the CAPE ratio.
Nick’s post deconstructing the argument that stock market returns have entirely been driven by declines in interest rates for the last 40 years.
The Intelligent Asset Allocator by William Bernstein. Bernstein was a major influence on Nick’s approach.
Disclaimer
Nothing on this podcast is investment advice.
The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.
Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.
The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.
Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content.
Nick Maggiulli: Just Keep Buying