131) Daniel Crosby - Understanding Money, Happiness, & Behavioural Finance

Today’s conversation is with Dr. Daniel Crosby. Daniel is a psychologist, behavioural finance expert and asset manager who applies his study of market psychology to everything from financial product design to security selection. He is the author of The Behavioural Investor, co-author of the New York Times bestseller Personal Benchmark: Integrating Behavioural Finance and Investment Management, and the Chief Behavioural Office at Orion Advisors Solutions. This conversation was exciting to have because Daniel is at forefront of behavioralising finance. His ideas have appeared in the Huffington Post and Risk Management Magazine, as well as his monthly columns for WealthManagement.com and Investment News. Daniel was named one of the "12 Thinkers to Watch" by Monster.com, a "Financial Blogger You Should Be Reading" by AARP and in the "Top 40 Under 40" by Investment News. Daniel is perfectly positioned to explain so many big topics, emotions, feelings and trends when it comes to our relationship with money. Expect to learn what behavioural finance is, if money can buy happiness, just what was going on with the Reddit stock picking drama in recent years, the role of hedonic adaptation in our spending, and much more. I also aspect Daniel about his own approach and how he navigates the psychological pitfalls that humans can fall into as investors. In terms of understanding why you behave the way you do with money, this episode cannot be beaten. I hope you get the opportunity to absorb this information and education before considering your own plans. As ever with conversations like this, it should not be construed as financial advice for your personal circumstances and instead viewed as education. Today’s podcast is supported and sponsored by Clean Foods Meal Prep. Anyone keeping a close eye on my Instagram will know I’ve been eating prepped meals from Clean Foods since the end of March. The removal of over 90 minutes of cooking and meal prep each week has been a big win for me, while the meals are tastier and more varied ingredients than I would manage cooking them myself. And the meals are cooked fresh each Saturday and midweek in Glasgow before being delivered across the UK. Visit https://cleanfoodsmealprep.com today and use CAMBRO to save 15% on your order. Order before 2pm on Saturday for Monday delivery or 2pm on Tuesday for Thursday delivery Connect with Daniel: LinkedIn - https://www.linkedin.com/in/danielcrosby/ Podcast - https://podcasts.apple.com/gb/podcast/standard-deviations-with-dr-daniel-crosby/id1241946146 Connect with Col: Instagram: https://www.instagram.com/col.cambro/ Email List - https://mailchi.mp/548e38ba5942/colincambro Support me: MyProtein and MPCOL for 37% off - http://bit.ly/MyProteinCol