Money Delusions: Barry Ritholtz on the Elusive Definition of Money and How Not to Invest It

Buy Barry's Bookhttps://amzn.to/3F7APZPIn this initial episode of Rabbithole of our new show Rabbithole, Dave Nadig explores the psychology of money and investing with Barry Ritholtz, author of "How Not to Invest." Their conversation challenges conventional financial wisdom and reveals insights about what money is, and how we use and invest it. Key topics include:Why money is a tool for freedom and agency, not a store of value or end goalHow childhood experiences shape our lifelong money behaviors and attitudesWhy market crashes affect us differently at various life stagesThe dangers of algorithmic social media and information overload for investorsWhy avoiding mistakes is more important than chasing extraordinary returnsRethinking Bitcoin and other investments through better framingThe wisdom of humility in financial decision-makingBarry shares candid personal stories and draws on decades of experience as a trader, strategist, and wealth manager to identify the ideas, numbers, and behaviors that typically destroy wealth.