Uploaded June 2026 | Updated September 2026, 1 week ago
*Get our Investment Guide:* clickhubspot.com/xg92
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.
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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 - 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: joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - shaanpuri.com
• Visit somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury across all of his companies. you can too: mercury.com
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
*Get our Investment Guide:* clickhubspot.com/xg92
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 - 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: joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - shaanpuri.com
• Visit somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury across all of his companies. you can too: mercury.com
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
