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 people to read his book?

13:40 - Does there exist a perfect moment to invest?

17:19 - Crosby's perspective on valuations

21:08 - Does it makes sense to use financial advisors?

25:33 - Taking the worst case off the table

30:00 - How to achieve psychological, financial safety with a low budget

32:25 - The relationship between fees and performance

34:47 - Giving your accounts a purpose

38:04 - The name of your accounts matters

41:23 - We have been wrong about will power

45:01 - Off-loading your mental bandwidth

46:42 - The cheat meal of your financial life

48:03 - Are we thinking too much about happiness?

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