Standard Deviations with Dr. Daniel Crosby

Tune in to hear:How does Guy de Maupassant’s short story, The Necklace, illustrate the importance of gratitude and how a lack of it can lead to personal misfortune?What does contemporary Psychology research show about the transformative power of gratitude in our lives?What are some examples of reciprocal altruism in the Animal Kingdom, aside from humans?Why is gratitude sometimes called the mother of all virtues?LinksThe Soul of WealthOrion’s Market Volatility PortalConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with OrionCompliance Code:

Tune in to hear:What novel approach did Hungarian Mathematician Abraham Wald utilize to better understand which parts of American planes needed improved armor during WWII?What is “survivorship bias” and how did Abraham Wald avoid this?Why does professor Scott Galloway suggest that we should follow our talent, or gift, rather than our passion?What are the key differences between a fixed mindset and a growth mindset and what do life’s outcomes for each mindset look like, on average?Why is effort more predictive of success in romantic relationships than passion?Why do we tend to lose intrinsic motivation, or passion, for tasks for which there is an extrinsic reward like a paycheck?LinksThe Soul of WealthOrion’s Market Volatility PortalConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with OrionCompliance Code: 1954-U-25202

Tune in to hear:What can we learn from Leonardo da Vinci about harnessing curiosity to fill our lives with purpose?Why does science writer Sharon Begley think that curiosity is the mental counterpart to physical hunger?What is an example of how curiosity is hardwired into our genetic makeup?What can “convergent” and “divergent” ways of thinking tell us about why creativity must be actively cultivated to avoid squelching it?What did author Susan Engle discover about how curiosity steadily diminishes throughout grade school if it’s not actively attended to?How is curiosity correlated to longevity, if at all?What are some actionable ways we can cultivate creativity in our daily lives?LinksThe Soul of WealthOrion’s Market Volatility PortalConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with OrionCompliance Code: 1967-U-25202

Discover the power of anti-goals and how they can motivate you just as effectively, if not more so, than traditional goals. Explore the intriguing role of villains in personal narratives and how they drive growth and creativity. Delve into behavioral economics to understand our asymmetrical risk preferences and their impact on decision-making. Learn from Charlie Munger's phrase 'invert, always invert' and uncover the Stoic exercise of 'Premitatio Malorum' for practical life application.

Tune in to hear:What is Rudyard Kipling’s poem “If –” about and what can it teach us about remaining poised in the face of chaos?What are some qualities of the investors who fare best in turbulent markets?What roles does EQ (Emotional Intelligence) play in investment decision making?What are some practical steps for remaining calm in a churning world?Why is “sleeping on it” such powerful advice when it comes to investment decision making?How can we anchor to non-financial metrics to regain a measure of control during market downturns?LinksThe Soul of WealthOrion’s Market Volatility PortalConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with OrionCompliance Code: 1048-U-25099

Join Joe Duran, founder of United Capital and Rise Growth Partners, as he brings a human-centric approach to wealth management. He shares insights on why many firms stick to outdated educational methods instead of embracing client-centric tools. Joe discusses the importance of aligning financial planning with clients' life goals and the need for wealth managers to adapt their skills. He also highlights how to differentiate between promising RIAs and those to avoid by focusing on values and behaviors rather than just numbers.

Breanna Blaney, a human-first investment expert at Dimensional, shares transformative insights on connecting life and investing. She discusses the industry’s shift towards a ‘Life Invested’ approach, emphasizing that emotional intelligence is key to fostering trust between advisors and clients. Breanna tackles the fears advisors face about vulnerability, advocating for authenticity in financial discussions. She also offers self-reflection tips for advisors to enhance their practice and build meaningful client relationships.

Tune in to hear:Examples of when emotional connection can play a decisive role in sales.How, practically, can advisors shift their focus a bit from the technical to fostering deep, emotional connections with their clients?What is motivational interviewing, what is based on and what does it look like in practice?Where does the discovery process often go wrong and what can we do to make it go right?How can silence be a powerful tool in client meetings?How can advisors help their clients’ goals become more vivid and salient for them?What is EQ, or emotional intelligence, and why does it matter so much for advisors? Also, what specifically is Dr. Lynn doing with her workshops and her scorecard?What is one sub facet of emotional intelligence that we could all stand to work on?LinksDr. Christina Lynn on LinkedInMariner Wealth AdvisorsConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with OrionCompliance Code: 2455-OAS-9/23/2024

Tune in to hear:Get a better sense of the size and scope of the racial wealth gap problem in the US.Should financial advisors play a role in addressing these inequalities? Also, do historical factors, such as systemic discrimination and redlining, largely to blame for the genesis of this disparity?What sort of systemic inequities and injustices are we up against today and what can we do to combat these?What cultural differences, and attitudes, towards money, risk and investing should non-black practitioners be aware of when working with black clientele?What can we do as an industry to win some trust back and will part of that be through education and outreach?Does Adam see tech as a potential equalizer or exacerbator of the racial wealth gap?How can we best meet each client where they are at, as individuals?Citations17 cents on the dollarInheritance likelihood and magnitudeBlack wealth holdings228 YearsLinksAdam Tolliver on LinkedInAdam Tolliver on YoutubeArtisan Financial StrategiesThe Hidden Cost of Being African AmericanThe Black Tax: The Cost of Being Black in AmericaConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with Orion The Advisor Academy is Orion’s free, continuing education platform for advisors where you can get CE credits on the go. To sign up for the platform, click here.Compliance Code: 2356-OAS-9/13/2024

Tune in to hear:What elements do “tulip mania,” the roaring twenties and the .com bubble share and what should be our biggest takeaway from these historic market events?What is the "affect heuristic" and how should we be thinking about it in relation to our investment decision making?How do the emotional states of euphoria and despair effect our risk tolerance? Do these emotions also effect how much we are willing to pay or sell an asset for also?What are somatic markers and how do they influence our decision making process?What can we learn from “circular techniques” in martial arts?What is the “Save More Tomorrow” Campaign and how does it exploit our status quo bias for good?How can goals based investing create more emotional buy in to your portfolio?LinksThe Soul of WealthConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion’s PodcastsPower Your Growth with OrionCompliance Code: 2339-OAS-9/12/2024