The market crash where Ritholtz had the most at risk—the COVID crash in Q1 2020—was the one where he felt completely blasé, whereas earlier crashes with smaller stakes felt terrifying, suggesting that experience and perspective matter more than percentage losses for emotional response.
factualpending
Speaker
Barry RitholtzEvidence Quote
“the bare markets and the market crashes where I had the most at risk where I had something to lose I was completely Blas about”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 5:35:27 AM
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