
MI014: Overcoming Your Worst Financial Enemy—Yourself with Daniel Crosby (Investing Podcast)
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Importance of Diversification in Investing
The average entry year drawdown over the past 30 or so years has been about 14% a year. Every single developed market in the world has had, you know, drawdowns of 75%. Markets can get enormously, enormously choppy, even if you're well-diversified and doing smart things like diversifying and managing fees.
On today’s show, I had the opportunity to meet with psychologist and behavioral finance expert Daniel Crosby. Daniel earned his Ph.D. in Psychology, is currently the Chief Behavioral Officer at Brinker Capital, and is a USA Today and New York Times bestselling author.
IN THIS EPISODE YOU’LL LEARN:
- What behavioral finance is
- How psychology plays a huge role in managing your money
- Common financial advice to be cautious of
- How to overcome your biases about money
- And much, much more!
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- Download your free audiobook from Audible
- Daniel Crosby’s book The Behavioral Investor
- Daniel Crosby’s book The Laws of Wealth
- Richard Thaler’s book Nudge
- Dan Ariely’s book Predictably Irrational
SPONSORS
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CONNECT WITH DANIEL
GET IN TOUCH WITH ROBERT
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Email: Robert@TheInvestorsPodcast.com
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