MI Rewind: The Psychology of Money & Behavioral Finance w/ Daniel Crosby
The Intrinsic Value Podcast - The Investor’s Podcast Network
Introduction
The host reintroduces an episode and welcomes back Daniel Crosby, the Chief Behavioral Officer at Orion Advisor Solutions, who discusses the study of money, mind, and meaning. The chapter explores decision-making with money, common pitfalls, and the role of technology in improving investor decisions.
Robert Leonard chats with Daniel Crosby about behavioral finance, the psychology of money, Daniel’s most important money lessons after studying countless investors, common misconceptions about money, and much, much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:42 - What behavioral finance is and why behavioral finance has a big impact on one’s success as an investor.
06:22 - Daniel’s most important money lessons and why investors need to get them right.
11:03 - Whether money can buy happiness or not.
23:44 - Daniel’s framework on whether you should pick individual stocks in your portfolio, or just invest in low-cost index funds.
29:37 - Why stock picking can be very difficult for individual investors.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- Daniel Crosby’s podcast Standard Deviations.
- Daniel Crosby’s book The Laws of Wealth.
- Daniel Crosby’s book Behavioral Investor.
- Daniel Crosby’s book You’re Not That Great.
- Related Episode: Listen to MI230: Buffett Indicator Says Stock Market is Overvalued w/ Lance Roberts, or watch the video.
NEW TO THE SHOW?
- Check out our Millennial Investing Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Connect with Daniel: Website | Twitter
Connect with Robert: Website | Twitter | Instagram
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