About this episode

Dr. Daniel Crosby discusses the psychology of investing and how to overcome financial biases.

Our guest this episode is Dr. Daniel Crosby — psychologist, behavioral finance expert and Chief Behavioral Officer at Orion Advisor Solutions. Daniel is the bestselling author of several books on the psychology of money, including "The Behavioral Investor" and "The Soul of Wealth," and is the host of the popular podcast "Standard Deviations." His mission is to help investors and advisors understand how psychology shapes financial decisions and what true wealth really means. In this episode, Dave and Daniel dive into the psychology behind investing and the behavioral biases that quietly sabotage even the smartest investors. They break down the four major investor biases, why overconfidence is the most damaging of the bunch and Daniel's "Three E's" framework for overcoming them. They also explore why money is emotional rather than purely mathematical and the role behavioral fintech design can play in helping people make better long-term decisions. The conversation also explores the rise of the "gamblification" of investing, the impact of social media on young investors and why personal benchmarking tends to serve people far better than chasing the S&P 500. Along the way, Daniel…

People in this episode

Host: Dave

Guest: Dr. Daniel Crosby

Topics covered

• behavioral finance
• investor psychology
• financial biases
• emotional investing
• gamblification of investing
• social media impact
• personal benchmarking

Keywords

• financial biases
• behavioral finance
• investing psychology
• overconfidence
• gamblification
• social media
• personal benchmarking

Mentioned in this episode

Organizations: Orion Advisor Solutions

Books & works: The Behavioral Investor, The Soul of Wealth, Standard Deviations

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