Barry Ritholtz, Columnist

Don't Be a Tech Sucker

Avoid headaches and don't be an early adopter of new technology.

September 29, 2014 at 12:23 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.”

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The human capacity for making bad decisions about technology seems to be limitless. In many ways, this parallels bad approaches to trading and investing: Lots of unfounded rumors, emotional decision-making, poor risk-reward analysis, an inability to perform simple math.

The spasms of technology silliness surrounding the iPhone 6 are just the latest in a never-ending stream going back to theIBM 5100 Portable Computer. You should learn to watch all such foolishness with detached bemusement -- and always from a distance.