Brutally honest guide to not losing money in the market

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Episode 832: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to legendary fund manager Barry Ritholtz( https://x.com/Ritholtz ) about the behaviors that destroy returns for investors and how to avoid them. 

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Show Notes: 

(0:00) Intro

(2:19) christmas tree portfolio

(4:43) the cowboy account

(9:51) day trading

(11:09) Barry yells at Lloyd Blankfein

(13:46) panic selling

(16:45) sam picks a fight

(18:46) direct indexing

(21:43) Great investors 

(27:25) 90% of everything is crap

(36:14) Elon’s foray into PE

(44:02) Predicting the housing crisis

(46:01) spending a year as the dumbest guy on wall street

(49:01) Why bubbles are good for the economy

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Links:

• How Not To Invest – https://www.hownottoinvestbook.com/

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Check Out Sam’s Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it…apply: http://joinhampton.com/mfm

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Check Out Shaan’s Stuff:

• Shaan’s weekly email – https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury – Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

• I run all my newsletters on Beehiiv and you should too + we’re giving away $10k to our favorite newsletter, check it out:

beehiiv.com/mfm-challenge

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /