Masters in Business: Rick Ferri

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week, our Masters in Business radio podcast features Rick Ferri, founder and chief investment officer of Portfolio Solutions.

Ferri is a former Marine Corps fighter pilot who spent the first decade of his career working as a retail stockbroker. In the 1990s, he came up with an idea for a low-cost portfolio based on exchange-traded funds while working at Smith Barney. He pitched the idea to the company's chief at the time, Jamie Dimon, who shot it down. Ferri spent the next few years refining the idea and planning his own firm, which he started in 1999. He also is the author of several books, including "All About Index Funds: The Easy Way to Get Started."

Listen to the full podcast at Bloomberg, on Apple iTunes or SoundCloud. All of our earlier podcasts are now available on iTunes.

Next week, we speak with Alan Krueger, former chairman of the U.S. Council of Economic Advisers and professor of economics and public affairs at Princeton University.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net