Informed Choice Radio Personal Finance Podcast ICR127: Daniel Crosby, The Laws of Wealth
My guest for this episode of Informed Choice Radio is Dr Daniel Crosby.
Educated at Brigham Young and Emory Universities, Dr Daniel Crosby is a psychologist, behavioural finance expert and asset manager who applies his study of market psychology to everything from financial product design to security selection.
He is founder of Nocturne Capital and co-author of the New York Times and USA Today bestseller Personal Benchmark: Integrating Behavioral Finance and Investment Management.
Daniel is at the forefront of behavioralising finance. His ideas have appeared in the Huffington Post and Risk Management Magazine, as well as his monthly columns for WealthManagement.com and Investment News.
Daniel was named one of the ’12 Thinkers to Watch’ by Monster.com, a ‘Financial Blogger You Should Be Reading’ by AARP and in the ‘Top 40 Under 40’ by Investment News.
His new book is The Laws of Wealth: Psychology and the secret to investing success where he offers an accessible and applied take on a discipline that has long tended toward theory at the expense of the practical.
In The Laws of Wealth, readers are treated to real, actionable guidance as the promise of behavioural finance is realised and practical applications for everyday investors are delivered.
In this episode of Informed Choice Radio, I speak to Daniel about the basics of behavioural finance, how the messiness of lived experience can be integrated as an investor, whether all investors are as bad as each other when it comes to negative behavioural traits, and much more.
Welcome to The Laws of Wealth with Dr Daniel Crosby, in episode 127 of Informed Choice Radio.
Some questions I ask
-Could you explain what is behavioural finance, how does it work, what are the principles behind it?
-How does behavioural finance work on a practical basis when investing money?
-Are all clients as bad as each other when it comes to behavioural traits?
-Why do people tend to fear high-profile, low-probability events, like getting bitten by a snake?
-How does consumer behaviour drive investment markets?
-What can we expect to see from the field of behavioural finance in the future?
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Win a copy of The Laws of Wealth
I’ve got a copy of The Laws of Wealth by Dr Daniel Crosby to give away to one lucky listener.
Here’s how you can win. Leave an honest review of the Informed Choice Radio podcast on iTunes or Stitcher.
You can find us on iTunes by visiting icradio.co.uk/itunes and on Stitcher at icradio.co.uk/stitcher.
Once you’ve left your review, let us know about it and we will put your name in the hat to win a copy of The Laws of Wealth by Dr Daniel Crosby.
Drop me an email to martin@icfp.co.uk or tweet me at@martinbamford to let me know you’ve left a review.
I’ll announce the winner in episode 131 of Informed Choice Radio, next Friday, 4th November 2016, so leave your review and get in touch please by midday on Wednesday 2nd November.
Useful links mentioned in this episode
–The Laws of Wealth by Dr Daniel Crosby
Thank you for listening!
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