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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI014: Overcoming Your Worst Financial Enemy—Yourself with Daniel Crosby (Investing Podcast)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 13 November 2019

⏱️ 38 minutes

🧾️ Download transcript

Summary

On today’s show, I had the opportunity to meet with psychologist and behavioral finance expert Daniel Crosby. Daniel earned his Ph.D. in Psychology, is currently the Chief Behavioral Officer at Brinker Capital, and is a USA Today and New York Times bestselling author.  IN THIS EPISODE YOU’LL LEARN: What behavioral finance is How psychology plays a huge role in managing your money Common financial advice to be cautious of How to overcome your biases about money And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Download your free audiobook from Audible Daniel Crosby’s book The Behavioral Investor Daniel Crosby’s book The Laws of Wealth Richard Thaler’s book Nudge Dan Ariely’s book Predictably Irrational SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI CONNECT WITH DANIEL Twitter | LinkedIn  GET IN TOUCH WITH ROBERT Instagram | LinkedIn | Twitter | Facebook Email: Robert@TheInvestorsPodcast.com HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.3

On today's show, I had the opportunity to meet with psychologist and behavioral finance expert

0:07.6

Daniel Crosby.

0:09.2

Daniel earned his PhD in psychology, is currently the chief behavioral officer at Brinker Capital,

0:14.2

and is a USA Today and New York Times bestselling author.

0:19.3

I hope you enjoy this thought-provoking conversation with Daniel Crosby.

0:24.0

You're listening to Millennial Investing by the Investors Podcast Network,

0:28.6

where your host, Robert Leonard, interview successful entrepreneurs, business leaders,

0:33.1

and investors to help educate and inspire the millennial generation. Hey everyone, welcome to the show.

0:47.3

I'm your host, Robert Leonard.

0:49.3

And with me today, I have Daniel Crosby from Brinker Capital.

0:52.3

Welcome to the show, Daniel.

0:53.3

Thank you. Great to be here. For those listening that might not know who you are, can you

0:58.0

please walk us through your background and how you became an expert on behavioral finance?

1:03.0

Yeah, so I am the chief behavioral officer at Brinker Capital, and I was introduced at an event

1:08.8

recently and someone made the joke that there have been

1:12.0

fewer people to walk on the moon than to have the title of chief behavioral officer. So people

1:17.5

never quite know what to make of that. But I'll talk about what that is in a second. But I'm actually

1:22.5

a clinical psychologist by education. So I went to school and got a PhD in basically being a shrink, right?

1:29.6

Like I went to school to learn how to be a clinical psychologist to talk to people about their

1:34.2

problems with anxiety and depression and things like that. I found about three years into my program

1:39.9

that I wasn't loving it. I wasn't loving that work. And it was just taking a pretty heavy toll on me.

...

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