4.6 • 730 Ratings
🗓️ 3 December 2018
⏱️ 51 minutes
🧾️ Download transcript
My guest today is Daniel Crosby, a psychologist, behavioral finance expert, asset manager and author of several books. His most recent book is “The Behavioral Investor.” Daniel’s background in behavioral psychology has taught him to look at markets as a backdrop to view human behavior in a real world setting. As a psychologist who works in the markets, Daniel gets real time information on how people are feeling by looking at how price movements fluctuate. Daniel cites a study showing that 94% of the time rules beat out discretion in the markets.
The topic is his book The Behavioral Investor.
In this episode of Trend Following Radio we discuss:
Jump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
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0:00.0 | This is trend following radio where great thinking comes alive. |
0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
0:27.4 | That's my passion. |
0:33.4 | My guest today is Daniel Crosby. |
0:36.0 | This is his second appearance on the show. And he brings something |
0:40.3 | that I like a lot. The psychological perspective on markets, on investments. He really does the deep dive. |
0:49.9 | He gets right into it. His newest work, the behavioral investor, examines the sociological, |
0:57.8 | neurological, and psychological factors that influence our day-to-day investment decisions. |
1:04.6 | And he sets forth those heuristics, those practical decision-making ideas that you can use to navigate it all. |
1:14.0 | Daniel believes to have success in the markets, it's a holistic approach. |
1:20.4 | It's all of these factors. |
1:22.6 | There's no one magic bullet. |
1:25.3 | I mean, if you're out there right now looking for the magic bullet, the silver |
1:28.0 | bullet, the death cross or whatever inane nonsense that you think will turn you into a whiz-bang |
1:35.7 | investor overnight for no work, forget it. That's not where it's at. It's at exactly in the |
1:43.8 | headspace where my guest goes today. Without further delay, |
1:48.3 | without further me going off on a tangent. Let's get into my conversation with Daniel Crosby. |
2:12.0 | Thank you. So in preparation of this podcast, I'm announcing this publicly. |
2:14.9 | I actually went and got a foot massage. |
2:16.8 | And now I'm feeling pretty good. And I'm thinking this should be part of |
2:18.6 | my routine prior to any interview in the future, a foot massage. So I'm, you've started something new, |
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