About this episode

Sam Parr and Shaan Puri discuss investment strategies with Barry Ritholtz, focusing on behaviors that can lead to financial losses.

Get our Investment Guide: https://clickhubspot.com/klsr 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. — 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 — Links: • How Not To Invest - https://www.hownottoinvestbook.com/ — 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 — 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…

People in this episode

Hosts: Sam Parr, Shaan Puri

Guest: Barry Ritholtz

Topics covered

• investment strategies
• market behavior
• financial advice
• risk management
• investor psychology

Keywords

• investment guide
• market losses
• panic selling
• day trading
• direct indexing
• financial bubbles

Mentioned in this episode

Organizations: Hubspot Media, Hampton, Mercury

Books & works: How Not To Invest

More episodes of My First Million

• The most simplified breakdown of the SpaceX IPO on the internet · June 12, 2026 · 1h 8m
• The "Idiot Index": the simple math that made Elon Musk billions · June 4, 2026 · 1h 4m
• We found 7 business ideas that will blow up in 2026 · June 2, 2026 · 48 min
• The insane true story behind MTV · May 29, 2026 · 1h 3m
• The 50 richest families in America are betting on this trend · May 27, 2026 · 1h 6m
• Mohnish Pabrai: This will save you 10 years of bad investments · May 22, 2026 · 1h 47m

Explore listener stats, chart rankings, contacts and more on the My First Million podcast page.