Barry Ritholtz thinks investors are too worried they will be attacked by sharks and not concerned about death by running into a deer. The Chairman and Chief Investment Officer at Ritholtz Wealth Management, and creator of Bloomberg’s “Masters in Business” podcast, thinks retail investors are overly concerned with market crashes and not focused on what really detracts from performance. In a keynote speech at the Morningstar ETF Conference, he advises Financial Planners to focus their client’s attention on what really matters -- high fees, excessive portfolio turnover, emotional decision making and a lack of discipline -- and not being concerned about statistical outliers.
[klarman]


