Standard Deviations with Dr. Daniel Crosby artwork

Standard Deviations with Dr. Daniel Crosby

294 episodes - English - Latest episode: 11 days ago - ★★★★★ - 102 ratings

The Standard Deviations podcast is a weekly production that looks at money, mind and meaning, all through a psychological lens. Each week, psychologist and New York Times bestselling author Dr. Daniel Crosby interviews a fascinating new guest, experts in everything from finance to literature to wellness. Each guest provides listeners with three concrete ways to apply what was learned that week, ensuring that weekly listening becomes part of a path to a richer life. Episodes are brief, research-based, and designed to fit perfectly within your commute time. So, tune in for practical news that will help you make more, think more and be more.

Learn more by following Dr. Daniel @danielcrosby or visit the website at www.standarddeviationspod.com/

Standard Deviations is presented by Orion.

Education invesment how to invest dr. daniel crosby behavioral finance fintech daniel crosby befi behavioral economics investor psychology investor emotion
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Episodes

Change Your Environment, Change Your Life

May 31, 2019 10:29 - 7 minutes - 6.94 MB

Change Your Environment, Change Your Life by Dr. Daniel Crosby

Nick Maggiuli - Of Dollars and Data

May 30, 2019 11:40 - 37 minutes - 34.7 MB

Nick Maggiuli is unrivaled in his ability to illustrate complex financial ideas simply using data. He joins Standard Deviations this week to discuss: How he manages bias in his search for the best data What he believes to be "the most important asset" Rules of thumb for deciding whether to trade time for money His innovative take on competition (or the lack thereof) Tune in and let Nick's data help you better manage your dollars.

Morgan Housel - The Psychology of Money

May 22, 2019 18:06 - 58 minutes - 53.2 MB

Morgan Housel is one of the world's foremost leaders on all things money and human nature. He joins us this week to discuss: -Why education improves outcomes in other disciplines but not always in finance -The just-world fallacy as it pertains to wealth -The inescapability of our personal histories -The appropriate balance between optimism and pessimism Don't miss this conversation with one of the deepest thinkers in finance!

Jason Voss - The Intuitive Investor

May 16, 2019 03:40 - 1 hour - 60.1 MB

Jason is the CEO Active Investment Management Consulting, a former asset manager, the author of The Intuitive Investor and innovator in the world of financial services around making the field more introspective and empathic. He is one of the most original thinkers in finance and you won't want to miss this episode in which we discuss: Jason's take on the future of the asset management industry "Alpha wounds" or things that asset managers do that destroy value How people of all stripes can...

Clare Flynn Levy - Improving Decisions with Behavioral Science

May 09, 2019 08:00 - 51 minutes - 47.1 MB

Clare Flynn Levy is a former fund manager who is now the CEO of Essentia Analytics, a behavioral finance platform designed to help managers make better decisions. In this episode, we discuss: -Why Clare believes in active management at a time when fund flows suggest otherwise -How she tells some of the richest people in the world, "You're wrong" -The most common behavioral errors she sees among fund managers

Jamie Catherwood - The Lessons of Financial History

May 02, 2019 08:00 - 36 minutes - 33.3 MB

Jamie is a rising star in the world of finance who has burst onto the scene with his in-depth analysis of financial history. In this episode, Jamie helps us understand the lessons of financial history with an eye to learning from past mistakes. Our discussion includes: -How can learn from financial history without drawing spurious correlations? -Why the roots of modern ETFs actually begin in Medieval Europe Jamie's favorite books on financial history Tune in to learn from the consensus F...

Andy Swan - Investing with Twitter Sentiment

April 25, 2019 08:00 - 43 minutes - 39.8 MB

Andy Swan is the founder of LikeFolio, a company that provides consumer behavior insights to investors and corporations. In this episode, we discuss using social media sentiment from sites like Twitter to make investment decisions. Our conversation includes: How accurate is Twitter sentiment at helping predict market moves? -Why Andy believes in concentrated portfolios The benefits of running a tech company from a non-traditional location Andy is a true contrarian with ideas that you won...

Joleen Mainz - Of Tragedy and Preparation

April 18, 2019 09:00 - 40 minutes - 36.6 MB

When her life was upended by a series of tragic events, Joleen Mainz wasn't sure how to proceed. Luckily, she found strength in taking much of the same advice that she had given her clients over the years. Listen to this heart wrenching episode to learn: Why "eating your own" cooking is a must for financial professionals How Joleen maintains hope in the face of tragedy What you can do today to prepare for the unthinkable

Mindful Minute - The Formula For Happiness

April 15, 2019 13:00 - 7 minutes - 7.21 MB

Mindful Minute - The Formula For Happiness by Dr. Daniel Crosby

Christine Benz - Goals Based Approaches to Retirement

April 11, 2019 08:00 - 45 minutes - 42 MB

This week on Standard Deviations, Dr. Crosby is joined by Christine Benz, the Director of Personal Finance at Morningstar and author of "30 Minute Money Solutions: A Step-by-Step Guide to Managing your Finances." They take on the intersection of retirement and psychology, specifically focusing on goals-based approaches to retirement readiness. Talking points include: What is a goals-based approach to retirement and what are its potential psychological advantages? What is mental accounting...

Dr. Jordan Turner - Understanding the Myers Briggs Type Indicator (MBTI)

April 08, 2019 10:26 - 53 minutes - 48.8 MB

The Myers-Briggs Type Indicator is the world's most popular personality instrument but isn't without its controversies. Loved by loyalists and sneered at by many social scientists, Dr. Turner gives a candid assessment of the strengths and weaknesses of the MBTI and speaks directly to how it can be used to deepen our understanding of self. Specifically, we discuss: The origins of the MBTI Common criticisms of the MBTI including validity and reliability Each of the four personality scales ...

Money Minute - Giving Advice That Sticks

April 08, 2019 07:00 - 6 minutes - 5.7 MB

Bad news: Only about 40% of Americans get financial advice. Worse news: Only about half of those that receive financial advice actually follow it through. Dr. Moira Somers book, Advice That Sticks, has 5 keys for giving advice that is actually implemented.

Money Minute: The Big List Of Financial Truths

April 04, 2019 12:36 - 4 minutes - 4.17 MB

Money Minute: The Big List Of Financial Truths by Dr. Daniel Crosby

Money Minute - The 5 Points Of Friction Around Money

April 01, 2019 07:00 - 8 minutes - 7.86 MB

Disagreements about money are the #1 reason for divorce in North America. But what do couples fight about when they fight about money? Dr. Crosby is here to share the five points of friction around wealth.

Joseph Fitzgerald - The Retirement Savings Crisis and You

March 28, 2019 08:00 - 33 minutes - 30.5 MB

Joe Fitzgerald is worried. As a financial advisor, he sees the retirement savings crisis in America for what it is and has thoughts on how to fix it. Tune in to learn: Which cultural differences drive savings behaviors around the world The common behaviors shared by the best savers How to avoid "lifestyle creep" and living beyond your means

Money Minute - The 6 Behaviors That Lead To Wealth

March 25, 2019 12:59 - 4 minutes - 3.78 MB

You may not have money today, but will you down the line? New research from Dr. Sarah Stanley Fallaw has the answer.

Aaron Klein - New Horizons in Risk Profiling

March 21, 2019 09:00 - 58 minutes - 53.2 MB

Aaron Klein is the CEO and co-founder of Riskalyze, a fintech company that has taken the world of financial advice by storm over the past five years. In this episode, Aaron touches on: The Riskalyze origin story Why he favors numerical over psychometric approaches to measuring risk What the future of fintech looks like How Riskalyze hires and trains for culture

Mindful Minute - The Pratfall Effect

March 18, 2019 07:00 - 5 minutes - 4.8 MB

Our favorite people are competent but just human enough to be believable. Tip: To be well loved be authentic about your weaknesses.

Corey Hoffstein - A Day at the Factor Zoo

March 14, 2019 10:41 - 1 hour - 55.7 MB

Corey Hoffstein is one of the brightest minds in quant investing and has a unique knack for making hard-to-understand concepts palatable for novice investors. Tune in this week to understand: • Why a risk-first approach to managing money could make sense • Why pain may actually be sought out when considering investment factors • What set of circumstances would cause Corey to reconsider a cherished investment factor • Why honesty and candor can be essential characteristics of good asset m...

Money Minute - Money And Marriage

March 11, 2019 07:00 - 7 minutes - 7.27 MB

Disagreements about money are the #1 reason cited for divorce in North America. In this Money Minute, we dig in to three reasons why couples have so much trouble with being candid about their finances.

Noreen Beaman - Lessons on Leadership

March 07, 2019 11:47 - 41 minutes - 37.6 MB

Noreen Beaman is living the American Dream. After starting at Brinker Capital three decades ago, and having worked in every vertical in the company, she is now the CEO of the multi-billion dollar asset management firm. In this episode, Noreen shares the lessons of leadership she learned along the way, including: How she defines leadership The steps she takes to ensure that Brinker's culture remains vibrant What she learned from her biggest professional mistake The place of failure and ...

The Power of Goals Based Investing - Dr. Daniel Crosby

March 04, 2019 11:00 - 56 minutes - 51.5 MB

The Power of Goals Based Investing - Dr. Daniel Crosby by Dr. Daniel Crosby

Michele Lee Fine - Unexpected Keys to Financial Success

February 28, 2019 15:03 - 40 minutes - 37.1 MB

Today on the podcast, Dr. Crosby is joined by Michele Fine, an award-winning financial professional based in New York. We discuss: What's broken and what works in today's wealth management industry The importance of managing fees, risk and taxes How to prevent lifestyle creep Under-considered investment strategies

Behavioral Finance And Investment Management - Dr. Daniel Crosby

February 25, 2019 10:37 - 57 minutes - 52.4 MB

A discussion of the 4 Cs of behavioral investment management as found in The Laws of Wealth: Psychology and the Secret to Investing Success.

Doug Boneparth - The Future of Retirement

February 21, 2019 11:28 - 51 minutes - 47.4 MB

Douglas Boneparth is an InvestmentNews 40 Under 40 alum, the co-author of The Millennial Money fix, and financial Twitter's resident hair and coffee expert. In this episode, we discuss: Whether or not online interactions can take the place of "in real life" connection The case for authenticity and being candid about our own struggles The changing shape of retirement and what it will look like in the future So, grab a cup of your favorite caffeinated beverage and join us.

Blair DuQuesnay - Should You Fire Your Male Broker?

February 14, 2019 11:21 - 41 minutes - 37.6 MB

After her recent New York Times op-ed, "Consider Firing Your Male Broker", Blair duQuesnay precipitated some soul-searching and started some great conversations about gender equality on Wall Street. This week, she joins Standard Deviations to give further insights into why she thinks the future of wealth management is female. Listen to learn: What Blair views as the source of women's strong investment performance Why both women and men view women as less competent with money, despite data ...

Life Lessons: A Letter To My Daughter

February 11, 2019 15:37 - 19 minutes - 18.1 MB

Life Lessons: A Letter To My Daughter by Dr. Daniel Crosby

The 10 Laws of Wealth - Dr. Daniel Crosby

February 11, 2019 11:00 - 1 hour - 65.1 MB

The 10 Laws of Wealth - Dr. Daniel Crosby by Dr. Daniel Crosby

Sonya Dreizler - Doing Well by Doing Good

February 07, 2019 06:00 - 52 minutes - 47.9 MB

Some call it ESG, others SRI, while still others refer to as "impact" or "values-based investing." But whatever you call it, Sonya Dreizler can help you make sense of how you can wear your heart on your sleeve and still secure your financial future. In this episode we discuss: Whether or not divesting of public equities has the intended impact Why shareholder engagement is the future of values-based investing How owning stocks of companies you hate might actually make a lot of sense How ...

Can Being Weird Make You Rich and Happy?

February 04, 2019 11:00 - 17 minutes - 16.1 MB

Audio of a TEDx presentation given by Dr. Daniel Crosby

James Matthews - Millennial Money Mythbusting

January 31, 2019 11:22 - 1 hour - 57.6 MB

With all of the negative stereotypes around Millennials and money, it can be hard to separate fact from fiction. Luckily, Standard Deviations is joined by James Matthews, who is just the man for that job. Listen in to learn: Couples' five most common sources of disagreement about money Why James and Daniel are not fans of budgeting How a deeply felt personal purpose can lead to better financial decisions

Love, Money and Irrationality - Dr. Daniel Crosby

January 28, 2019 09:00 - 18 minutes - 16.6 MB

Audio of my second TEDx talk, given in Huntsville, Alabama.

John Nolan - Business Lessons From a Spy

January 24, 2019 10:48 - 58 minutes - 53.2 MB

This week, Dr. Crosby is joined by John Nolan, who may just be the most interesting man in the world. Mr. Nolan is a Vietnam veteran who then spent 22 years in the CIA before going on to found and sell his own corporate espionage firm. Listen in for fascinating discussion of: The one skill that separates good from great spies The surprising lengths to which companies and countries go to steal secrets How to get complete strangers to share their secrets Learn more about John: https://ww...

TEDxHuntsville - Daniel Crosby - You're Not That Great: A Motivational Speech

January 23, 2019 13:09 - 19 minutes - 17.5 MB

Audio of my first ever TEDx talk, given in Huntsville, Alabama. I also created a book based on the ideas presented here, which can be found here: https://www.amazon.com/Youre-That-Great-Daniel-Crosby/dp/1595718362

Daniel Crosby - The Behavioral Investor

January 17, 2019 12:08 - 50 minutes - 46 MB

This week on Standard Deviations, the tables are turned as Daniel passes the mic to Dr. Brian Portnoy, author of The Geometry of Wealth. Brian and Daniel discuss Dr. Crosby's new book, The Behavioral Investor, touching on: The four primary types of investor misbehavior What can be done to manage behavioral risk The future of behavioral finance For fans of psychology, personal finance and the elusive search for happiness, this episode is a can't miss. Read Daniel's book: https://www.amazo...

Jennifer McClure - On Becoming a Public Speaker

January 10, 2019 12:50 - 1 hour - 62.5 MB

What’s the recipe for a great presentation? This week Jennifer McClure, an entrepreneur, keynote speaker, leadership success coach, and former HR executive who works with business leaders to build their influence, think strategically, and create maximum positive impact at work and in life, provides a masterclass on sharing ideas with the world generally as well as specific advice around common clichés to avoid and for how to create a business around public speaking. Learn more about Jennife...

Tra Williams - Feed Your Unicorn

January 03, 2019 11:08 - 37 minutes - 33.9 MB

During the last holiday season, entrepreneurship consultant Tra Williams was feeling especially thankful for his gifts and said so on social media. His gratitude was immediately thrown back in his face by an online troll who suggested that he "go feed his unicorn." Originally taken aback by the rudeness, Tra decided not to let the bully get him down and instead determined he would follow his advice; He WOULD feed his unicorn, thank you very much. Listen to this episode to learn: How to mai...

Randy Norton - Value Investing and Real Estate

December 27, 2018 08:00 - 44 minutes - 40.3 MB

Randy Norton - Applying Value Investing to Real Estate This week the Standard Deviations is pleased to welcome Randy Norton, Managing Partner and Global Head of Real Estate and Alternative Investments at Green Mesa Capital. Randy provides excellent guidance on how to think about seldom-considered asset classes in a conversation that touches on: How the wisdom of value investing can be applied to real estate The most common behavioral traps among real estate investors Considerations for bu...

Joey Fishman - A Practical Conversation About ESG

December 20, 2018 21:26 - 34 minutes - 31.3 MB

Joey Fishman - A Practical Conversation About ESG This week on Standard Deviations, Dr. Crosby speaks with Joey Fishman who heads up the socially responsible investing arm of Ritholtz Wealth Management and oversees their "Portland Portfolio." Their discussion of ESG investing includes: A definition of the differences between SRI, ESG and impact investing How to think about risk and return tradeoffs in values-based portfolios A hard look at whether or not SRI brings about the desired change...

Tyrone Ross Jr. - The Lessons of Failure

December 11, 2018 18:23 - 1 hour - 70.6 MB

Tyrone Ross is a financial advisor, cryptocurrency enthusiast and Olympic Trials qualifier in the 400 meters. In this week's episode, Tyrone shares intensely personal stories of how his brushes with defeat have made him the success that he is today. Our longest episode to date, you'll understand why we needed all 1.5 hours to have this important conversation! Listen in to learn: How a handful of heartbreaking failures set Tyrone on his current path to success What gave him hope in his dark...

Dan Egan - Good Behavior Through Good Design

December 06, 2018 11:40 - 46 minutes - 42.5 MB

Our guest this week is Dan Egan, Director of Investing and Personal Finance at Betterment. Dan is an expert at improving decisions through smart technological design and he brings that wisdom to a show that includes talk of: How "centaur" approaches (combining human advisors with tech) are the future of finance Why investors need to have faith in their own approach The future of behavioral finance Whether it is most effective to change the person or the product Learn more about Dan: ht...

Dr. Sarah Stanley Fallaw - The Next Millionaire Next Door

November 29, 2018 10:30 - 36 minutes - 33.7 MB

Dr. Sarah Stanley Fallaw - The Next Millionaire Next Door Standard Deviations welcomes Sarah Stanley Fallaw, Ph.D. the founder and President of DataPoints LLC, a research-based technology company that gives advisors tools to identify and guide better financial behaviors in their clients. Dr. Fallaw is continuing and furthering the important work begun by her father, Thomas Stanley, author of The Millionaire Next Door. In this data-packed episode, Dr. Fallaw shares with us: What to look fo...

Chris Turchanksy - The Financial Advisor of the Future

November 22, 2018 10:09 - 41 minutes - 37.6 MB

Chris Turchansky - The Financial Advisor of the Future Standard Deviations is pleased this week to welcome Chris Turchansky, President of ATB Investor Services. Chris's role is unique in that he leads a team of investment and financial services professionals with a singular focus on serving the residents of Alberta, Canada. Chris believes that investing is about more than just money and that it is directly tied to things like happiness and family security. Listeners to this week's episode ...

Annette Hammortree - Financial Considerations for Families of Children with Special Needs

November 15, 2018 10:56 - 50 minutes - 46.2 MB

Annette Hammortree is the owner of Hammortree Financial Services and the parent of a child with special needs. With a passion born of personal experience, Annette provides us with a detailed look at the unique financial considerations of those who love someone with special needs. Listeners will learn: The biggest misconceptions and misunderstanding around money and children with special needs How living with a special child impacts daily living The financial considerations that are unique...

Neil Bage - Behavioral Finance and FinTech

November 07, 2018 14:10 - 43 minutes - 39.6 MB

Neil Bage - Behavioral Finance and FinTech This week, Dr. Crosby is joined by fellow behavioral finance geek Neil Bage, co-founder of the award winning fintech Be-IQ. Neil is passionate about helping people make safe and informed choices and is a specialist on behavioral drivers of financial decisions. In this episode, we explore the intersection of technology and psychology by discussing: How behavioral finance can move from diagnosing bias toward more practical solutions Whether educatio...

Kristin Scroggin - Millennials and Money

November 01, 2018 07:00 - 49 minutes - 44.9 MB

Kristin Scroggin - Millennials and Money The world "millennial" was recently deemed so loaded and negative that the New York Times struck it from their style book. But are millennials really as entitled as the popular press would have us believe? This week, generational expert Kristin Scroggin joins us to cut through the noise and provide facts and figures around millennials and money. In this stereotype-destroying hour you will learn: How early bad experiences with investing have sensit...

Brian Ford - The Eight Pillars of Financial Wellness

October 25, 2018 07:00 - 46 minutes - 43 MB

Brian Ford - The Eight Pillars of Financial Wellness This week on Standard Deviations, Dr. Crosby sits down with financial wellness executive Brian Ford to understand the eight pillars of financial readiness. Discussion points include: The behavioral benefits of automation The most ignored source of additional money The psychological and planning benefits of giving money away Learn more about Brian: https://www.momentumonup.com/ Brian's book about the 8 pillars: https://www.amazon.com/...

Travis Scribner - Are You Ready for 30 Years Without a Paycheck?

October 18, 2018 08:00 - 42 minutes - 39.1 MB

October is Retirement Readiness Month and Travis Scribner is ready to tell us what it takes to be prepared. Travis initially worked on Wall Street before discovering his true passion; simplifying the complex world of finance for the benefit of everyday investors. In his current role as Managing Partner of WestPac Wealth Partners he oversees more than 25 financial representatives as well as hosting his own radio show, "Las Vegas Money Resource." My talk with Travis includes: A discussion of...

Jeff Zentner - How to Write a Book

October 11, 2018 08:00 - 37 minutes - 34.2 MB

Jeff Zentner - How to Write a Book Dr. Crosby is joined this week by Jeff Zentner, author of New York Times Notable Book The Serpent King as well as Goodbye Days. His third book, Rayne & Delilah’s Midnite Matinee is forthcoming in February 2019. He is the winner of the William C. Morris Award, the Amelia Elizabeth Walden Award, the International Literacy Association Award, and the Westchester Fiction Award. His books have been nominated and longlisted for the Carnegie Medal, and he has bee...

Meredith Jones - Women and Wall Street

October 04, 2018 07:00 - 37 minutes - 34.7 MB

Standard Deviations is pleased to welcome Meredith Jones, award-winning author of Women of the Street and an internationally recognized expert on women and investing. She was named one of Inc. magazine’s “17 Inspiring Women To Watch in 2017” and a Distinguished Author by the Securities and Exchange Commission in 2018. She has been a regular columnist for Institutional Investor and is a contributor for Market Watch. In this episode, Meredith tackles Wall Street's diversity problem while maki...

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