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The Art of Manliness

#222: The Laws of Wealth

The Art of Manliness

The Art of Manliness

Society & Culture, Education, Philosophy

4.714.8K Ratings

🗓️ 2 August 2016

⏱️ 31 minutes

🧾️ Download transcript

Summary

To the layman, financial investing can look extremely complicated. And while financial markets are certainly complex, the rules governing sound investment are actually pretty simple. The problem most people have is following those rules. It’s all about behavior.
My guest today is a behavioral finance expert who has recently published a book crammed with practical advice to help investors from all walks of life have better investing behavior. His name is Daniel Crosby and his book is The Laws of Wealth: Psychology and the Secret to Investing Success.

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Transcript

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0:00.0

The Red Micae here in Welcome to another edition of the Art of Manliness podcast, not to

0:18.1

the layman.

0:19.5

Financial investing can look extremely complicated, and while financial markets are certainly complex,

0:24.0

the rules governing sound investment are actually pretty simple.

0:26.8

The problem most people have is following those rules.

0:29.6

It's all about behavior.

0:31.4

What I guess today is a behavioral finance expert that has recently published a book of

0:35.7

crayons with practical advice to help investors from all walks of life have better investing

0:40.1

behavior.

0:41.1

His name is Daniel Crosby, and his book is The Laws of Wealth Psychology and the Secret

0:44.4

to Investing Success.

0:45.4

And today on the show, we discuss the psychological biases we have that causes to make stupid investing

0:49.7

mistakes.

0:50.7

What we can do to overcome them, why index funds aren't exactly passive investments.

0:54.5

We also explore how behavioral finance principles can help us live a happier, more flourishing

0:59.8

life, talk about why the self-esteem movement was terrible for you, what you can do to avoid

1:04.8

resentment.

1:05.8

And then we're also going to talk about another book he wrote, what's called, Everyone

1:09.1

You Know Will Die.

1:10.1

It's for kids.

1:11.1

It kind of sounds more, but it's been a good purpose.

1:13.7

We'll talk about that.

...

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