On this week's episode of The Compound Show, Josh talks with veteran market strategist Rich Bernstein of Richard Bernstein Advisors about why long-term investors have a probabilistic advantage over short-term traders and why his firm focuses on top-down economic themes when constructing portfolios.Tony Isola of Ritholtz Wealth stops by to talk about the kind of happiness and success that cannot be measured in numbers.Be sure to leave us a rating and review if you're enjoying the show, it goes a long way!Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.