Jason Zweig on Luck's Role in Finance

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 in our Masters in Business interview, we speak with Jason Zweig, the Wall Street Journal's personal finance columnist, and author of "Your Money & Your Brain" and the forthcoming "The Devil’s Financial Dictionary."

During our conversation, Zweig discussed the role of luck in so many things financial -- including his own career. He talked about how he accidentally discovered the burgeoning field of behavioral economics and the impact it had on his philosophy and writing. His selection as the editor of the revised edition of Benjamin Graham’s "The Intelligent Investor" was a matter of random luck. How he first met Daniel Kahneman was also serendipitous, after which he spent two years helping Kahneman write "Thinking, Fast and Slow." 

The full podcast is available on iTunesSoundCloud and on Bloomberg. Earlier podcasts can be found on iTunes and at BloombergView.com.

Because of the holiday, next week will be a repeat of the Bobby Flay interview.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

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

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