Masters in Business

Is there Alpha to be found hidden in SEC filings? Management does seem to hide lots of bad news by just barely complying with the law. Recent indicators are this is getting worse. Michelle Leder is a researcher covering Corporate SEC-filings; she founded the research service “Footnoted” focusing on uncovering material information hidden in corporate SEC filings. She's the author of the book, financial “Fine Print, Uncovering A Company's True Value.” Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry sits down with A. Lange & Sohne CEO Wilhelm Schmid at the Audrain Newport Concours & Motor Week for a special edition of Masters in Business. Barry and Wilhelm compare watch and car design. They also discuss A. Lange & Sohne's philosophy on watchmaking. In addition, they cover innovations in watch mechanics and watch collecting. A. Lange & Sohne makes watches by hand, and Wilhelm discusses the production process. He and Barry also discuss the release of the new Saxonia Thin Onyx.See omnystudio.com/listener for privacy information.

Do fundamentals or narratives drive market valuations? That is the question so many are wrestling with in today’s 24/7 algo-based platforms and AI-driven mediascape. Ben Hunt is founder of Perscient, a firm that studies how narratives and stories shape markets, investing, and social behavior through the lens of information theory, game theory, and unstructured data analysis. His work analyzes the language, story arcs, and viral spread of explanations in media Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry sits down with New York Times Bestselling author of The Psychology of Money, The Art of Spending Money, and Same As Ever. They discussed different sections of market cycles and the psychology of money. Morgan also discussed the role of innovation and financial growth in history.See omnystudio.com/listener for privacy information.

On this special edition of Masters in Business, Barry speaks with Nobel Prize winning economist Richard Thaler, along with Alex Imas, Professor of Behavioral Science, Economics, and Applied AI at the University of Chicago Booth School of Business about their book, "The Winner's Curse: Behavioral Economics Anomalies, Then and Now". Recorded live on stage at the Economic Club of New York.See omnystudio.com/listener for privacy information.

Barry speaks with Binky Chadha, Chief US Equity & Global Strategist at Deutsche Bank Securities. They discuss Binky's time with the IMF and his role at Deutsche Bank as an equity strategist. They also discussed making asset allocations and market cycles.See omnystudio.com/listener for privacy information.

Barry speaks with Kristin Olson, global head of alternatives for wealth at Goldman Sachs. They discuss the alternate investing space. Kristen and Barry also discuss allocating money long-term and making alternatives more accessible to individual investors.See omnystudio.com/listener for privacy information.

Rachel Benton is a loving mother to an adorable 2-year-old boy named Stetson. Stetson doesn’t know it, but he may have already saved his mom’s life. A routine medical checkup, that Rachel only had because she was pregnant, showed protein in her urine. That discovery led to a biopsy and ultimately a diagnosis of IgA nephropathy – a serious kidney disease. With patients like Rachel in mind, the research team at Vertex Pharmaceuticals is working on new approaches to address IgA nephropathy.  Produced by Bloomberg Media Studios and Vertex Pharmaceuticals.See omnystudio.com/listener for privacy information.

Barry speaks with Brandon Zick, Chief Investment Officer at Ceres Partners. They discuss how his private equity company invests in farmland, and  food, agriculture and water. They also discussed his path into finance from growing up on a farm, to studying finance and Japanese in college.See omnystudio.com/listener for privacy information.

Have you taken full advantage of automating your investments? You can improve your returns, reduce emotional decision-making, and generally end up with better results simply by putting your investing on autopilot. Jeffrey Ptak is the managing director at Morningstar. Previously, he was the chief ratings officer.  Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Jon Hilsenrath, founder of Serpa Pinto Advisory. They discuss Jon's career at the Wall Street Journal as a reporter, earning him the title of "Fed Whisperer," and the response to the Great Financial Crisis. They also discussed his belief the US is undergoing the post-industrial economic revolution. See omnystudio.com/listener for privacy information.

Land is more than just a place to build a house, commercial building or farm. Real assets can be monetized through Mineral and gas rights, solar and wind, recreation, even AI.  Brandon Zick is Chief Investment Officer of Ceres Farmland Fund (now part of Wisdom Tree); they own and manage about $2 billion in agricultural land assets. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Liz Ann Sonders, chief investment strategist at Charles Schwab. Liz Ann focuses on the entire economy. She’s also the cohost of the On Investing podcast and a keynote speaker at numerous company and industry conferences. Liz Ann and Barry discuss her investment experience, working with Charles Schwab, and market cycles.See omnystudio.com/listener for privacy information.

ETFs gained a reputation for providing investors with low-cost index exposure, but many of the newest funds are actively managed. Some are costly and speculative. What is an ETF investor to do? Dave Nadig is President and Director of Research at ETF.com, and he shares with us how investors should navigate all of these new products. He helped design and market some of the first exchange-traded funds. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.Follow the podcast wherever you listen, so you don't miss an episode.https://link.podtrac.com/iu94w2n4See omnystudio.com/listener for privacy information.

Barry speaks with Henry Ward, Chief Executive Officer at Carta, a technology company that provides capitalization table management and valuation software for startups. They discuss founding a business, the growth of private markets, and his lobby efforts for retail investors to access private markets.See omnystudio.com/listener for privacy information.

Are you underperforming our own investments? Did you know that many, maybe even most, investors do worse than the ETFs and Mutual Funds they hold do? The annual Morningstar study “Mind the Gap” has found a substantial difference between returns generated by investment funds and the actual returns investors experience. Jeffrey Ptak is the managing director at Morningstar. Previously, he was the chief ratings officer. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry Ritholtz speaks with Jurrien Timmer, director of global macro at Fidelity investments. They discuss his career path, key market charts and Timmer's "barbell approach" to investing in both high-flying tech stocks and equities outside of the US.See omnystudio.com/listener for privacy information.

Farmland is a real asset that can be accessed through private funds. The asset has seen broad, non-correlated gains, hedged against rising prices. And farming acreage shrinks every year. Brandon Zick is Chief Investment Officer of Ceres Farmland Fund (now part of Wisdom Tree); the fund owns and manages about $2 billion in agricultural land assets. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Jose Minaya, global head of BNY Investments and Wealth. In this episode, Jose and Barry discuss his career buy-side trading, investing in the alternatives space. The also discuss the changes blockchain and AI are bringing to asset management. See omnystudio.com/listener for privacy information.

There will be nearly 1,000 new ETFs issued in 2025. Most of these are NOT the usual low-cost passive indices we think of. Instead, these tend to be complex, expensive, active funds in an ETF wrapper. Leveraged directional bets, options, or derivatives-based, and a whole raft of complex strategies.   Dave Nadig is President and Director of Research at ETF.com, and he shares with us how investors should navigate all of these new products. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Dmitry Balyasny, managing partner and chief investment officer at Balyasny Asset Management (BAM), a firm he co-founded in 2001. They discuss his career path, his thoughts on the current market environment for trading, hedge funds and more. See omnystudio.com/listener for privacy information.

Greed was long seen as a selfish vice, undercutting our happiness and our life satisfaction. Yet today, the pursuit of money is a driving factor in all of our lives. How did the love of money go from a vice to a virtue? Paul Vigna is a reporter for The Wall Street Journal, and a 25 year veteran journalist, as a reporter, editor, and photographer, covering the cryptocurrency sector, bitcoin, other digital and blockchain-related technologies. He is the author of “The Almightier: How Money Became God, Greed Became Virtue, and Debt Became Sin.” Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

On this episode, Barry speaks with Jaime Magyera. She was recently tapped as head of retirement and US wealth for BlackRock. They discuss her career and unique experience working at one of the world's largest asset managers, trends in retirement and wealth management, the rise of alternative investments and more. See omnystudio.com/listener for privacy information.

How can investors find usable signal amidst all of the outrageous, algorithm-driven, clickbait? Noisy headlines can be a distraction from your long-term goals.  Michael Hiltzik covers business for the Los Angeles Times, is a two-time winner of the Gerald Loeb Award and has authored numerous books on business. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Heather Boushey, a member of the White House Council of Economic Advisers under President Joe Biden. She is also a senior fellow at the Harvard Kennedy School. In this episode, they discuss the economic rebound from the COVID-19 pandemic, Biden's economic policy, and economic equality in the US.See omnystudio.com/listener for privacy information.

Buying any car is an exciting milestone, but buying a supercar is next level. It's fraught with unique challenges, costs and responsibilities. There are some things you should know before you buy a Ferrari, Lamborghini, McLaren, Pagani, or any supercar.   Hannah Elliot is the super car reviewer for Bloomberg, and has been covering the auto industry and exploring car culture for over 15 years. She also drives a 1975 Rolls Royce Silver Shadow.   Each week, “At the Money” discusses an important topic in money. From portfolio construction to taxes to spending, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Flying private used to be for billionaires, but that's no longer true. There's fractional ownership, hourly charter, jet cards, membership & leases. There is a way to fly private for a lot more budgets than there used to be..See omnystudio.com/listener for privacy information.

On this special edition of the show, Barry sits down with Neal Katyal, Milbank LLP partner and former acting Solicitor General of the US. Barry speaks with Katyal just days after his team won its challenge to President Donald Trump's sweeping global tariffs. They discuss the process of challenging President Trump's authority to impose steep tariffs on imports from other countries and what next steps could look like as the case makes its way through the US legal system. Plus, they talk about Katyal's career working on appellate and complex litigation, including arguing over 50 cases before the US Supreme Court.See omnystudio.com/listener for privacy information.

Barry speaks with Mark Zandi, chief economist at Moody's Analytics about his career and the state of the US economy today.See omnystudio.com/listener for privacy information.

How would you like to move from Labor to Capital? You can, by shifting some of your compensation from cash to equity. There are some tricky tax rules to learn, but potentially big gains to be had.  Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Ellen Zentner, Chief Economist Strategist and Global Head of Thematic and Macro Investing for Morgan Stanley Wealth Management and a member of the Firm’s Global Investment Committee. She and her team are responsible for generating event-driven and forward-looking secular thematic insights, identifying how they can contribute to Morgan Stanley’s individual- and institutional-investor portfolios, and guiding stakeholders and internal teams to support the firm's investment strategies. Ellen previously worked as a Senior Economist for the Texas State government, Bank of Tokyo-Mitsubishi UFJ Ltd., and Nomura Securities International.In this episode, they discuss everything from tariffs to Fed independence to data integrity at the BLS.See omnystudio.com/listener for privacy information.

Have you ever thought about buying your own plane? It may not be as out of reach as you imagine. Sure, it’s not cheap, with maintenance, fuel, repair, and hangar costs, but the private aviation industry wants you to know there's a plane for nearly every budget.  See omnystudio.com/listener for privacy information.

Barry speaks with Deven Parekh, Managing Director at Insight Partners, a growth equity investment fund based in New York City. Since joining Insight in 2000, he has made more than 140 investments in enterprise software, data, and consumer internet businesses globally. Deven also currently serves as a Board Member for the Council on Foreign Relations, NYU Langone Health, the Carnegie Endowment for International Peace, and the Tisch Multiple Sclerosis Research Center. In this episode, they discuss the every-changing world of venture and private equity.See omnystudio.com/listener for privacy information.

This episode of At The Money was recorded in July, before President Trump fired the Bureau of Labor Statistics Commissioner Erika McEntarfer. So please note that this conversation was had before that departure. We live in an age of endless news and spin. We rely on data and news releases, but it's really easy to get tripped up by all of it. How should investors manage this firehose of numbers? Michael Hiltzik covers business for the Los Angeles Times, is a two-time winner of the Gerald Loeb Award and has authored numerous books on business. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.  See omnystudio.com/listener for privacy information.

Barry speaks with Timothy Ferriss, an American entrepreneur, investor, author, podcaster, and lifestyle guru. He is known for his 4-Hour self-help book series — including The 4-Hour Work Week, The 4-Hour Body, and the 4-Hour Chef. He's written five number one bestselling books, including Tools of the Titans. He also has a new card game called Coyote. In this episode, they discuss trying to figure out how his body works, how his psychology works, how his emotional world works.See omnystudio.com/listener for privacy information.

Money. It's a driving factor in our lives. But how often have you thought about those little green pieces of paper in your wallet and the idea that created it, or the digital zeros and ones in our banks and brokerage accounts that represent your money? Is it real, or simply a collective delusion? Paul Vigna is a reporter for The Wall Street Journal, and has been a journalist for more than 25 years, as a reporter, editor, and photographer. He currently covers the cryptocurrency sector, including bitcoin, other digital currencies, and blockchain-related technologies. He is the author of “The Almightier: How Money Became God, Greed Became Virtue, and Debt Became Sin.” Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Erik Hirsch, Co-Chief Executive Officer at Hamilton Lane, previously serving as CIO and Head of Strategic Initiatives. As co-CEO, he is responsible for the firm’s strategic direction and operations. Erik is also Vice Chairman and a trustee of the University of Virginia’s College Foundation, and serves on the board of the Philadelphia 76ers Youth Foundation. In this episode, they discuss the future of private credit, private capital, private equity, See omnystudio.com/listener for privacy information.

Are you passionate about cars? Have you imagined collecting, rebuilding or showing them? Classic cars have been appreciating rapidly and if my emails or anything to go by, quite a few of you have caught the fever. Hannah Elliot is the super car reviewer for Bloomberg, and has been covering the auto industry and exploring car culture for over 15 years. She also drives a 1975 Rolls Royce Silver Shadow. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Sonal Desai, executive vice president and chief investment officer for Franklin Templeton Fixed Income. She directly manages $215 billion in assets. A native of India, Desai earned a Ph.D. in economics from Northwestern University and briefly taught economics at the University of Pittsburgh. She then spent six years with the International Monetary Fund before entering the private sector as a director and senior economist for Dresdner Kleinwort Wasserstein in London and then at Thames River Capital.See omnystudio.com/listener for privacy information.

Equity-based compensation has become an increasingly popular form of compensation in the United States, especially in Tech and high-growth, VC-funded companies. Joey Fishman is a Senior Advisor at Ritholtz Wealth Management (RWM), where he assists clients with managing their stock, options, and equity compensation. He joins Barry Ritholtz to discuss essential information about earning pay in stock.  Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Neil Dutta, head of economics at Renaissance Macro Research. Neil leads their macroeconomic research efforts, with an emphasis on analyzing the US economy, Federal Reserve, global trends, and cross-market investment themes. Prior to RenMac, Neil spent seven years at Bank of America-Merrill Lynch. There, he was a Senior Economist covering both the United States and Canada. They discuss in initial interest in economic studies and whether we'll see a recession in 2025. See omnystudio.com/listener for privacy information.

One of the biggest challenges of retirement is actually spending your money! After decades of working, saving, and investing, pivoting to spending down your accumulated wealth can be surprisingly difficult. Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar. She's published numerous books on retirement, most recently, “How to Retire: 20 Lessons for a Happy, Successful and Wealthy Retirement.” Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Richard Bernstein, CEO and Chief Investment Officer of Richard Bernstein Advisors.  Rich has over 35 years′ experience on Wall Street, most recently as the Chief Investment Strategist at Merrill Lynch. Prior to joining Merrill Lynch in 1988, he held positions at E.F. Hutton and Chase Econometrics. They discuss the growth in his firm, the overall macro investment environment, and state of markets today. See omnystudio.com/listener for privacy information.

What do you do when the business model of your chosen career changes radically? How can you adapt to changing conditions?  Sam Ro is a veteran markets journalist and CFA. After decades of working for Forbes, Yahoo Finance, Business Insider, and Axios, he launched his own Substack, TKER.Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Kate Moore, chief investment officer at Citi Wealth. They discuss Kate's extensive and diverse career which saw her as Head of Thematic Strategy and a portfolio manager for the Global Allocation Fund at BlackRock, and includes stops at JP Morgan, Bank of America Merrill Lynch, Moore Capital and Morgan Stanley in senior investment positions. She also holds a degree in political and social thought from the University of Virginia. See omnystudio.com/listener for privacy information.

Thinking about retirement? Do you know how you will spend your time? And perhaps most significantly, how much retirement can you afford?Christine Benz is Director of Personal Finance & Retirement Planning at Morningstar; her new book is “How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement.” She joins Barry Ritholtz to discuss what you need to know about planning for retirement. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Velina Peneva, group chief investment officer at Swiss Re about the business of reinsurance, managing risk, her career path and more. Peneva started her career at Bain & Company in 1998 and later became Partner in 2011. While she was there, she worked with fund managers and investors, became a leader in the private equity practice in Zurich and became a member of the firm's global investment committee. Peneva joined Swiss Re in 2017, becoming co-head of client solutions & analytics, before being named Group Chief Investment Office and member of the Group Executive Comittee in 2023.See omnystudio.com/listener for privacy information.

Israel attacked Iran with drones; the U.S. bombed Iran’s nuclear sites. This after months of Tariffs announcements and geopolitical wrangling. What are investors supposed to do? Sam Ro, an award winning financial journalist and CFA known for his clear, data-driven insights into markets joins Barry Ritholtz to discuss what you need to know about navigating geopolitical turmoil. Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.See omnystudio.com/listener for privacy information.

Barry speaks with Stephen Laipply, global co-head of iShares Fixed Income ETFs at BlackRock, for a conversation about uncertainty in markets, the impact of the Trump administration's tariff and trade policies, the Fed's rate path this year, what's driving institutional and household investors from the fixed income perspective and more.See omnystudio.com/listener for privacy information.