May 31, 2018
When the market moves as fast and Donald Trump tweets, how
should we think about money in the digital age? Jennifer talks with
psychologist and behavioral finance expert Dr. Daniel Crosby
about his life story and how he has built a career helping both
individual investors and institutional clients understand
themselves and the psychology of the market.
- For Daniel Crosby, the beginning of the story started with an
ending. Daniel tells Jennifer the story of how he came into the
world on the day of his grandfather’s passing and how that has
driven him to live his life to its fullest potential.
- An important part of leading a rich and full life is to always
be learning. Daniel talks about how his love for learning and how
his academic education laid the groundwork for developing his
interpersonal skills which were key to his success later in
- As the son of an investment manager and advisor, the stability
and comfort of his father’s profession was an alluring one. But
after serving a mission through his church in the Philippines and
helping a close friend whether an eating disorder, Daniel shifted
his academic path towards helping people.
- How do some people with so little manage to find joy in their
lives? Jennifer gets Daniel to flex his clinical psychology skills
and asks him why some people blessed with great privileges can’t
seem to find the same happiness of some people living a simpler or
rougher life. He also talks about his own success and his approach
to being happy.
- What drove Daniel to fly straight into graduate school?
Jennifer asks Daniel a bit more about his trajectory towards
becoming an impactful force in people’s lives. He talks about the
value of therapy and why building a strong relationship between
therapist and client beats out any high-level degree or specialized
school of thought.
- Misconceptions about therapy and the therapeutic process are a
dime a dozen. Daniel does some mythbusting and distills some of
what he’s learned as a therapist into some takeaways for listeners
that they can use in their personal and professional lives.
- Whether it’s for work, in our relationships or just in our
day-to-day lives, we all talk about ourselves. Jennifer and Daniel
talk about why being able to talk about yourself and your feelings
openly and authentically with a trusted professional is so
important is our society.
- After being burnt out by individual therapy work, Daniel moved
on to workplace-focused psychology work in Atlanta. While doing
pre-employment assessments across the Deep South, he learned some
hard truths about competence, wealth, meritocracy and the
under-recognized value of general intelligence.
not that great. Daniel fills us in on one of the key moments of
his journey to becoming an impact-maker: a 2011 TEDx talk in
Huntsville, Alabama about 7 counter-intuitive truths for living a
better and more meaningful life. This talk eventually turned into a
self-published book of the same name (check out the links
- “Only as we accept our normality, are we able to build
something that is better than normal.” Daniel talks about the
central message of his book, the concept of overconfidence bias and
how it keeps us back from achieving our fullest potential.
- In late 2009 – in the swell of the recession – Daniel set out
on his own to get away from his rough day job. His new behaviorist
economics consultancy called Nocturne Capital offers a
wealth of services around the psychology of investment decision
- Jennifer asks the question on all of our minds: so how should
we think about money? Daniel offers some of the insights he’s
gathered over the years helping people understand and navigate
financial markets. Daniel shares a couple tidbits with Jennifer but
you can find all 10 of his investing commandments in his book
The Laws of Wealth, named the best investment book of
- If you’ve been listening to this week’s episode so far, you’ll
know that Dr. Crosby is a man of quick wit. Jennifer asks Daniel
where he gets his funny bone from and how it finds its way into his
- Validation and criticism some in equal spades in today’s
digital word. Jennifer asks Daniel for some advice for everyone
about how to engage with the digital dimensions of our fast-paced
contemporary world, as well as where you can find Daniel online.
Check the links below!
Dr. Daniel Crosby:
Dr. Daniel Crosby website - Nocturne Capital
Dr. Daniel Crosby – LinkedIn
Dr. Daniel Crosby – Twitter
Podcast – Money, Mind & Meaning by Dr.
Books referenced (affiliate links):
The Laws of Wealth: Psychology and the secret to
investing success by Daniel Crosby
The Behavioral Investor by Daniel Crosby
Personal Benchmark: Integrating Behavioral Finance and
Investment Management by Charles Widger & Daniel Crosby
You're Not That Great by Daniel Crosby
Leadership and Self-Deception: Getting Out of the Box by
The Arbinger Institute
Dr. Daniel Crosby TED X Talks
TEDxHuntsville - Daniel Crosby - You're Not That Great:
A Motivational Speech
Sex, Funds, & Rock N' Roll - Daniel Crosby at
Can being weird make you rich and happy? - Daniel Crosby
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