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Opinion
Barry Ritholtz

Why Your New Year’s Resolutions Won’t Work Out

Making a huge change in your life is hard. So go small in 2019. 

Who doesn’t promise to lose in the new year?

Who doesn’t promise to lose in the new year?

Photographer: Manan Vatsyayana/AFP/Getty Images

It’s the time of the year when we are barraged with lists: Stocks to buy, books to read, explanations of why the bad choices made in the past year will work out better next year. And, the forecasts, so many forecasts. Worst of all are the horrible suggestions for New Year’s resolutions.

Rather than my usual pedantic finger wagging, let’s take a page from the Charlie Munger playbook, and invert. Consider my list of resolutions, each one less likely to succeed than the next.