Knowing what not to do is only half the battle—the other half is actually avoiding those missteps. In part two of our conversation, Barry Ritholtz of Ritholtz Wealth Management gets practical: how to safeguard your portfolio against panic, minimize regret when making high-stakes decisions and think about wealth in terms of decades, not days.

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.

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