Michael Batnick
person on 3 shows · 8 statements across 2 episodes · said 7 times in 4 episodes since 2016
Capital Allocators 4 
the Knowledge Project 3 
Big Technology
On the record as a speaker too: Michael Batnick across every show, appearances and statements → this page counts the times other people say the name.
Mentions by year, every show
tap a year for its mentions
Capital Allocators 4the Knowledge Project 3
2024 2 mentions in 1 episode
2023 1 mention in 1 episode
2017 3 mentions in 1 episode
2016 1 mention in 1 episode
every mention on every show, scene by scene, with the transcript →
8 statements about Michael Batnick, every show
Batnick: Nvidia could drop 50% without proving the bears right
“Can this thing get cut in half? Absolutely it can get cut in half. But does that prove the, does that prove that the bears were right? I don't think so. Growth stocks get cut in half all the time.”
Batnick: Nvidia will never match Apple's portfolio ubiquity as a brand
“No, no, it can't. I think the reason why Apple became so ubiquitous in portfolios across America is because the brand, the products became so ubiquitous across America. I don't know what the average American has in their house in terms of the iPhone, maybe an …”
Batnick: Even the best analysts face limits with value investing
“You could be the best business analyst in the world, and you might have a great long-term track record and things might be okay, but there are limits to value investing, obviously.”
Batnick: Legendary investment mistakes stem from emotion, not valuation errors
“But one common theme that we all make mistakes on is the emotional side. Like none of these mistakes were because somebody used too aggressive of a growth assumption or an inappropriate discount rate or didn't understand the business. It was always like either…”
Investment backtests are bullshit because nobody publishes the failing ones
“Because when you show, you know, the back tests, which I think are, you know, back tests are bullshit. This looks amazing, of course. We're not, nobody's going to implement a strategy with a bad back test.”
Batnick: Momentum and Trend-Following Can Never Be Arbitraged Away
“Rising prices attract buyers and falling prices attract sellers. And it is literally that simple. And I don't care how many computers or geniuses get involved. That alone can never be arbed away.”
Batnick: Only one of four Ritholtz partners is a full-time advisor
“And I think we're unique in the sense that of the four partners of the firm, only one is a full-time financial advisor.”
Batnick: Hindsight '$10K invested' charts ignore the emotional pain of holding
“I think that looking at the growth of a dollar, you know, a lot gets lost in the charts, the emotions of it and what it took to hold on. I just think that like people that are, oh, if I should have bought Amazon, I knew it. No, you didn't. If you did, you woul…”