Standard Deviations with Dr. Daniel Crosby

Latest Episodes:

Nick Maggiuli - Of Dollars and Data: A Comprehensive Guide to Data-Driven Financial Strategies May 30, 2019

Show notes

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

Show notes

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: Unlocking the Secrets of Smarter Investing May 16, 2019

Show notes

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 be more creative

Clare Flynn Levy - Unlock Better Decision-Making with Behavioral Science Insights May 09, 2019

Show notes

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 Top Financial Lessons from History: How Past Trends Shape Today's Economy May 02, 2019

Show notes

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 FinTwit Rookie of the Year!

Andy Swan - Investing in the Digital Age: Using Twitter Sentiment to Predict Market Trends Apr 25, 2019

Show notes

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't want to miss.

Joleen Mainz - Facing Tragedy Through Preparation: Essential Steps for Building Resilience Apr 18, 2019

Show notes

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 Science Behind Happiness: A Simple Formula for Lasting Contentment Apr 15, 2019

Show notes

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

Christine Benz - Retirement Planning Made Easy: The Benefits of a Goals-Based Approach to Secure Your Future Apr 11, 2019

Show notes

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 and how can it be used to manage financial behavior?

How can those who are underprepared for retirement get started today?

Christine has a wealth of knowledge on the topic and you're sure to leave with ideas for how you can better prepare for tomorrow.

Dr. Jordan Turner - A Comprehensive Guide to Understanding the Myers-Briggs Type Indicator (MBTI) Apr 08, 2019

Show notes

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
The ideal applications of personality testing