Dr. Daniel Crosby, Orion Advisor Solutions – You Want The Best Anxiety Adjusted Returns | #301

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 12 April 2021

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 301, we welcome our guest, Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions, where he helps organizations understand the intersection of psychology and the market. In today’s episode, we start by hearing what the 2020 bear market and pandemic looked like from a clinical psychologist’s perspective. Daniel touches on behavioral coaching and why that’s the primary value-add a financial advisor can provide. Then we move onto topics that aren’t discussed much: mental health, social isolation, and depression. He explains why it’s helpful for advisors to have their own therapist to help them handle the day-to-day stresses of the job, and how the increased social isolation over the last year translates to what we’ve seen recently with Reddit, Robinhood and NFT’s. As we wind down, we discuss the potential for technology to help us become better investors and how some fintech firms are using technology and nudges to encourage bad behaviors. All this and more in episode 301 with Orion Advisor Solutions’ Dr. Daniel Crosby. ----- This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world’s largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the ticker "BITW" and are accessible through traditional brokerage accounts. Shares may trade at a premium or discount to net asset value (NAV). For more information: www.bitwiseinvestments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	What's up friends?
0:40.3	Great show.
0:41.3	Our guest is the chief behavioral officer at Orion Advisory Solutions,
0:45.2	where he helps organizations understand the intersection of psychology and the market.
0:49.3	In today's episode, we start by hearing what the 2020 market downturn in pandemic look like from a clinical psychologist perspective
0:55.8	Our guest touches on behavioral coaching and why that's the primary value add a financial advisor can provide clients
1:02.1	Then we move on to topics that we don't discuss much,
1:05.4	mental health, social isolation, depression. Our guest explains why it's helpful for
1:10.4	advisors to have their own therapists to help them get handled day-to-day
1:13.6	stresses of the job and how the increased social isolation over the last year
1:17.5	translates to what we've seen recently with Reddit, Robin Hood,
1:20.7	NFTs. As we wind down we discuss the potential for technology to help us become better investors,
1:26.1	and how some FinTech firms are using technology and nudges to actually encourage bad behaviors.
	...

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