799: Dr. Daniel Crosby: Author, The Behavioral Investor

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 24 October 2018

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

When it comes to investing, you’ve probably heard the phrase, ‘Buy what you know.’ Do you believe it? I’m asking because today’s guest believes that is “profoundly dumb advice.” II think that’s sort of good advice..."Buy what you know!" " Don’t get into something you know nothing about!" (ehem bitcoin). But today’s guest, Dr. Daniel Crosby, a New York Times bestselling author, psychologist, behavioral finance expert and asset manager, thinks that is not sound advice. Daniel was last on the my show, you might remember on Episode 453 about two years ago. He’s back with a new book called the Behavioral Investor and in it, he examines the sociological, neurological and psychological factors that influence our investment choices. He believes that we should first understand human nature and our own tendencies before making investment decisions. A little bit more about Daniel: He’s a sought after expert, frequent speaker and he was named one of Investment News’ 40 Under 40 and also, a "Financial Blogger You Should Be Reading," by AARP. In this interview we’ll learn: Daniel’s philosophies around how to invest wellHow to curb our emotions andHow greedy are we this month? Daniel publishes an Irrationality Index, a measure of how much greed and fear is in the marketplace month to month. Learn more about Daniel Crosby at NocturneCapital.com and follow him on Twitter @DanielCrosby. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 799, Dr. Daniel Crosby, author of The Behavioral Investor.
0:06.1	You're listening to So Money with award-winning money guru Farnu Shorabi.
0:12.1	Each day get a 30 minute dose of
0:14.4	financial inspiration from the world's top business minds authors, influencers and
0:19.5	from Farnuos yourself. Looking for ways to save on gas or double your double coupons?
0:25.0	Sorry, you're in the wrong place.
0:28.0	Seeking profound ways to live a richer, happier life.
0:31.0	Welcome to So Money. When it comes to investing, you've probably heard the phrase by what you know.
0:39.0	Do you believe it?
0:40.0	I'm asking because today's guest believes that is quote profoundly dumb advice.
0:46.2	Welcome to so money everyone.
0:47.7	I'm your host Varnish Terabi.
0:49.3	I mean I think that's sort of good advice.
0:52.5	Buy what you know.
0:53.6	Don't get into something you know nothing about,
0:56.2	Bitcoin.
0:57.1	But today's guest, Dr. Daniel Crosby,
0:59.7	he's a New York Times best-selling author,
1:01.6	he's a psychologist, behavioral finance expert, asset manager.
1:05.9	He thinks that is not sound advice.
1:09.0	He was last on my show you might remember on episode 453 about two years ago but he's back with a new book his
1:15.6	book is called the behavioral investor and in it he examines the sociological
	...

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