Can money buy you happiness? How much money is too much? Does wealth offer diminishing returns? In this episode, Barry Ritholtz is joined by Brian Portnoy to explore these questions. Portnoy has held senior investment roles throughout the hedge fund and mutual fund industries. He is also the author of the bestselling books, ‘The Geometry of Wealth’ and ‘The Investors Paradox.’

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

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Barry Ritholtz speaks to David Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group. Prior to forming the firm in 1987, David practiced law and served as Deputy Assistant to the President for Domestic Policy, as well as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments. He currently serves as Chairman of the Board at the John F. Kennedy Center for the Performing Arts, the Economic Club of Washington, and the University of Chicago among others.

His philanthropic endeavors stretch across a number of institutions including the Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Brookings Institution, and the National Constitution Center. He hosts a handful of shows and podcasts, including PBS’s History with David Rubenstein, Bloomberg Wealth with David Rubenstein, and Peer-to-Peer Conversations on Bloomberg TV. He has also written numerous best-selling books, the latest being "The Highest Calling: Conversations on the American Presidency.”

His most recent venture: supporting his hometown as the Chairman, CEO, and principal owner of Major League Baseball’s Baltimore Orioles.

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How should investors manage bond duration in an era of rising – and soon likely falling – interest rates?

The challenge is that the longer the duration your bonds are, the higher yield usually is, but the more vulnerable those bonds are to rising rates. When rates fall, long-duration bonds go up (shorter duration much less). There are many ways investors can take advantage of changing interest rates. For more on the subject, Barry Ritholtz speaks with Karen Veraa, Head of iShares US Fixed Income Strategy at BlackRock.

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

See omnystudio.com/listener for privacy information.