Barry Ritholtz, Columnist

Grilled Cheese and $100 Million of Irrational Exuberance

Grilled Cheese Truck market valuation may be a sign of excess in financial markets.

February 5, 2015 at 1:49 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

I'll have mine with some net income.
Photographer: David Livingston/Getty Images

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If you have been a regular reader of mine, you are probably familiar with several things about me: First, you know I have been a steadfast bull during the entire rise in the stock market. It isn't that I am such a genius or especially lucky. I just would rather not guess when the bull run is over, and instead let the markets tell me when the time to exit is upon us.

Second, you may have noticed my deep fascination with investor behavior and the cognitive errors to which you humans are subject. I have spent almost two decades observing the never-ending battle between capital-market participants and their own flawed wetware.