This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

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Rick Ferri
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This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by Rick Ferri »

Episode 056: Dr. Daniel Crosby on the behavioral investor

Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations and individuals understand the intersection of mind and markets. He was named one of the “12 Thinkers to Watch” by Monster.com, a “Financial Blogger You Should Be Reading” by AARP, and a member of InvestmentNews prestigious "40 Under 40".

Dr. Crosby was educated at Brigham Young and Emory Universities and is the author of several books on behavioral finance. His first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology all impact investment decision-making.

This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.

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Rick Ferri
The Education of an Index Investor: born in darkness, finds indexing enlightenment, overcomplicates everything, embraces simplicity.
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Bruce
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by Bruce »

Rick

Thanks for another great interview, your guest had great research examples and stories to share.

Here are four takeaways I found of interest, but there were many more in the podcast!

I appreciated Dr Crosby’s explanation of how our brains are wired from our hunter gatherer past when getting through the winter with an adequate food supply was long term thinking, may not serve us well in planning ahead for decades.

I also appreciated the line comparison study example, and how what used to be thought of as erroneous conclusion impact of peer pressure, now is understood as actual changes in how your brain processes information.

His explanation of how working with patients with an eating disorder also involved teaching the patients how social media and marketing is negatively impacting their self image, and how that relates to how most financial related media focuses on negative events.

His explanation of some built in biases may impact how we approach savings and investing was also helpful, and how automating some of the processes of saving and investing and simply taking away the frequent decision making part of that process can enhance our ability to not react to every market event.

Thanks again for investing your time on these podcasts, we are so fortunate you discover really interesting guests and share their experiences with the rest of us.

THANKS!
Bruce | | Winner of the 2017 Bogleheads Contest | | "Simplicity is the master key to financial success."
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Rick Ferri
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by Rick Ferri »

The "Bogleheads on Investing" podcast just reached a milestone of 1.5 million downloads.

You can find all 56 episodes here: https://boglecenter.net/category/podcasts/

Thanks!

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The Education of an Index Investor: born in darkness, finds indexing enlightenment, overcomplicates everything, embraces simplicity.
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by GuayaquilEcu »

Thanks for bringing in Dr Crosby, just finished listening on my ride it was a masterclass episode.
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by Stinky »

Another excellent podcast in this wonderful series.

Most memorable line - Dr Crosby recounted the last verse of a poem that he wrote for his young children as he was explaining the death of a family friend,

“Yes, everyone you love will die,
But you’re here today, and so am I”
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by Jon Luskin »

Can't wait to listen!
When there are multiple solutions to a problem, choose the simplest one. ~Jack Bogle
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by LadyGeek »

The podcast is now on YouTube: Bogleheads® on Investing Podcast: Dr. Daniel Crosby on the behavioral investor, host Rick Ferri

Later in the podcast, Dr. Crosby mentioned a concept known as the "Hedonic treadmill" and explained it from a behavioral finance perspective.

We also discuss it in the Bogleheads forum. See: Hedonic treadmill in retirement (August 24, 2013)
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by Barry Barnitz »

Hi all:

We have completed and posted the transcript of Episode 56 on the Bogle Center blog: Bogleheads on Investing with Dr. Daniel Crosby: Episode 56.

regards,
--The transcript team
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Re: This month's "Bogleheads on Investing" podcast is an enlightening conversation with Dr. Daniel Crosby

Post by staustin »

I found the 'media diet ' very interesting as well as the Dr's description of evolutionary behavior and it's impact on decision making.

An interesting discussion , very appreciative!
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