For the near future, we’ll be delving into the archives of STANDARD DEVIATIONS, back to the days when Dr. Daniel Crosby first launched his podcast series, and did each week on his own without guests!
This Week’s Topic: Investing Is (Physically) Painful
Episode Description: We commonly speak of how “stressed out” we are today but as recently as a century ago, the idea of stress was viewed as unscientific. In this episode, we talk about the physical & psychological impact of stress on investment decision-making and risk appetites. The takeaway? Good investing is so difficult partially because it is physically painful.
From a 2017 post on Linkedin, Dr. Crosby describes this in more detail and in the podcast below……
“We love to talk about fantastic, unrealistic financial scenarios like how to spend lottery earnings, but are scared to talk to our spouse or children about the basics of our financial lives. Despite the fact that 73% of Americans list money as their number one stressor, we still are doing very little to combat the epidemic of silence about personal finance.”
Source: LinkedIn Post
Click below to hear more of his thoughts on the above in this podcast……
ABOUT STANDARD DEVIATIONS PODCAST:
Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby, the personality behind STANDARD DEVIATIONS podcast, is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets.
Dr. Crosby’s 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 and has been translated into Japanese, Chinese, Vietnamese and German. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology all impact investment decision-making.