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Top Traders Unplugged

IL33: The Soul of Wealth: Behavioral Secrets to a Purposeful Life ft. Daniel Crosby

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8670 Ratings

🗓️ 4 December 2024

⏱️ 55 minutes

🧾️ Download transcript

Summary

Our guest on this episode is Dr. Daniel Crosby, New York Times bestselling author and Chief Behavioral Officer at Orion Advisor Solutions. Daniel joins us to discuss his new book - The Soul of Wealth: 50 Reflections on Money and Meaning. We discuss simple actions everyone can take to apply the lessons of behavioral finance to their own investing - actions that have a shockingly large impact on wealth accumulation. Daniel talks about why even the most experienced professional investors might benefit from having a financial advisor and how new research on willpower can help us be more effective investors. We end with an overview of Daniel’s new research on the three principles that seem to drive the most purposeful lives.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Episode TimeStamps:

02:09 - Introduction to Daniel Crosby

07:55 - What caused Crosby to write his book?

11:28 - How would Crosby like...

Transcript

Click on a timestamp to play from that location

0:00.0

I swear to God, like, I've been hearing this for 15 years.

0:11.2

You know, you could pull that quote every year for the last 15 years, and like, you've left a lot of money on the table if you listen to it. And so,

0:23.7

what's the biggest downside for you? Is it fear of missing out or is it fear of regret? And I think

0:29.7

most of us are wired to privilege one or the other. Imagine spending an hour with the world's greatest traders. Imagine learning

0:41.2

from their experiences, their successes, and their failures. Imagine no more. Welcome to Top

0:47.8

Traders Unplugged, the place where you can learn from the best hedge fund managers in the world,

0:52.7

so you can take your manager,

0:54.4

due diligence, or investment career to the next level. Before we begin today's conversation,

0:59.6

remember to keep two things in mind. All the discussion we'll have about investment performance

1:04.0

is about the past, and past performance does not guarantee or even infer anything about future

1:09.3

performance. Also understand that there's a significant risk of financial loss with all investment strategies,

1:14.6

and you need to request and understand the specific risks from the investment manager about their product

1:20.0

before you make investment decisions.

1:22.5

Here's your host, veteran hedge fund manager, Nealiels Kostrup Larson.

1:36.9

For me, the best part of my podcasting journey has been the opportunity to speak to a huge range of extraordinary people from all around the world. In this series, I have invited one of them,

1:42.6

namely Kevin Koldine, to host a series of in-depth conversations to help uncover and explain new ideas to make you a better investor.

1:51.0

In the series, Kevin will be speaking to authors of new books and research papers to better understand the global economy and the dynamics that shape it so that we can all successfully navigate

2:01.5

the challenges within it.

2:03.6

And with that, please welcome Kevin Koldian.

2:09.6

Okay, thanks, Neals.

2:10.8

Welcome everyone.

2:11.8

Our guest today is Dr. Daniel Crosby.

...

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