Barry Ritholtz
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ritholtz.bsky.social
Barry Ritholtz
@ritholtz.bsky.social
Let's hope this one works out better...

Chair/CIO of RWM; Masters-in-Business podcast/radio host
Right? What an interesting guy!
February 12, 2026 at 4:09 AM
The original post where that phrase came from was about Bill Hwang and Archegos Capital Management

“This has to be one of the single greatest losses of personal wealth in history.” –Mike Novogratz

ritholtz.com/2021/04/purp...
ritholtz.com
February 5, 2026 at 12:13 PM
Wealth accumulation over time:

-Average 20-something is worth a mere $127,730.

-Average 50-something American has a net worth of $1.4 million.

-Average 60-something is worth $1.6 million.

Wealth inequality exists, but the premise of increasing wealth accumulation as we age is accurate.
January 31, 2026 at 12:16 PM
You can run into the Mean/Median issue when showing data in total; its less prominent when broken down by age showing demographic patterns.

Older people have long work and investing history -- and therefore more compounding. The original source supports this.

www.empower.com/the-currency...
January 31, 2026 at 12:16 PM