Today’s guest is a psychologist and behavioral finance expert, Dr. Daniel Crosby. He’s the author of a new book that came out earlier this summer, The Laws of Wealth: Psychology and the Secret to Investing Success.
In the book he gives readers real and actionable guidance for investors like ‘Forecasting is for Weathermen’ and ‘If You’re Excited, It’s Probably a Bad Idea’.
Daniel also co-authored a New York Times bestseller, Personal Benchmark: Integrating Behavioral Finance and Investment Management.
In our conversation we discuss how, as humans, we can begin to think more rationally when it comes investing. After all, it’s not like we’re born knowing how. And earning versus saving … as humans, which are we more capable of doing? You might be surprised.
One of my favorite quotes from the interview: “All that money does is buy me time with the people that I love.” – Click To Tweet
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