Josh here – for Talk Your Book this week, I chatted with Barry Ritholtz about a new piece he has at Bloomberg View describing the ways in which the Wall Street sales process has changed.
Once upon a time, investors were sold stories about the individual holdings in a portfolio and were enticed to invest based on the potential for the stocks themselves. In the modern era, portfolios are being constructed using data and evidence – but the need for there to be an enticing story still persists!
Barry’s post “Data Picks Investments, Stories Sell Them” is here
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[…] Josh here – for Talk Your Book this week, I chatted with Barry Ritholtz about a new piece he has at Bloomberg View describing the ways in which the Wall Street sales process has changed. Once upon a time, investors were sold stories about the individual holdings in a portfolio and were enticed to invest based on the potential for the stocks themselves. In the modern era, portfolios are being constructed using data … Source: https://thereformedbroker.com/2019/01/23/the-story-behind-your-portfolio/ […]
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