Barry Ritholtz, Columnist

Zombie Ideas That Keep on Losing

Bad ideas take on a life of their own because of think tanks financed by the rich designed to perpetuate them -- even though they have been proven wrong or invalid.

October 20, 2014 at 2:44 PM UTC

By Barry Ritholtz

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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I began my career in finance on a trading desk. You learn some things very early on in that sort of situation. One of the most important things is that while it's OK to be wrong, it can be fatal to stay wrong.