Standard Deviations with Dr. Daniel Crosby – Details, episodes & analysis

Tune in to hear:

• Relative to all the other behavioral experts out there, what stands out about Greg and his work? How did he arrive at this unique point of emphasis?
• How has Behavioral Finance come full circle in recent years?
• What have been the biggest shifts in Behavioral Finance in the past decade? Also, how does he anticipate it might change in the decade to come?
• What can Behavioral Finance teach us about risk and how widely implemented are these learnings in the field today?
• How does Greg think about the problem of multiple risk preferences within a household?
• What is Greg’s understanding of the role of emotion in financial decision making? When is it useful and when is it not?
• Where does Greg see Behavioral Science intersecting with AI as we move forward in finance?

Links

• Greg Davies on LinkedIn
• Oxford Risk

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

The Advisor Academy is Orion’s free, continuing education platform for advisors where you can get CE credits on the go. To sign up for the platform, click here.

Compliance Code: 2327-OAS-9/10/2024

Tune in to hear:

• What was Megan’s favorite finding in the deep research she did for this book?
• Learn about Truman’s financial anxiety and how this impacted him.
• Why is it harder to pivot and recover from financial pitfalls than it used to be?
• What advice did Calvin Coolidge get from his stock broker?
• How did George Washington make his money and what differentiated him from his peers?
• Why does Megan find Hoover’s money story so captivating?
• Learn more about Jimmy Carter’s financial story.
• Which president was the best money manager and which was the worst and what can we learn from their examples?
• How much should a candidate’s personal finance skills impact our vote, if at all?

Links

• Megan Gorman on LinkedIn
• Chequers Financial Management
• All the Presidents’ Money

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

The Advisor Academy is Orion’s free, continuing education platform for advisors where you can get CE credits on the go. To sign up for the platform, click here.

Compliance Code: 2008-OAS-8/8/2024

Tune in to hear:

• What drove Nuala to write her new book, Tune In: How to Make Smarter Decisions in a Noisy World ?
• In her book, Nuala talks about four factors that amplify the risk of noise, obscuring our ability to arrive at the truth. What are these factors and why are they so important?
• How do we overcome the very entrenched obstacles we face when trying to make informed decisions?
• What does Nuala’s “PERIMETERS” mnemonic stand for and how can multiple layers of bias combine, making us sub-optimal decision makers?
• What is the role of power in our decision making process, and how can it confound our best efforts?
• What is the correct stance to take, with regards to power or status, when making decisions?
• How does memory differ from the “filing cabinet” stereotype that many of us have?
• What is the “peak end rule” and how does it apply to our decision making process?
• When can emotion be additive to the decision making process and when is it a distraction that should be avoided?
• How has Nuala changed as a result of having written her book?
• What are one or two practical, actionable things listeners can do today to become a better decision maker?

Links

• Nuala Wash on LinkedIn
• Nuala’s Website
• Tune In: How to Make Smarter Decisions in a Noisy World

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Compliance Code: 1359-OAS-5/30/2024

Tune in to hear:

- Where are we at, as an industry, in terms of the application of behavioral sciences to the world of work? Where does Jez see us headed next or what’s his outlook for the industry?

- Compared to something like tech, where does the financial industry fall on the adoption curve of behavioral sciences? 

- In what field might we have the next big, unexplored vertical jump for applied behavioral sciences?

- What was the case study about helping regular folks save more money and what practical things emerged from this study?

- Why is a degree of granularity so important when making a behaviorally-driven plan?

- How can we fight the idea that grand behavioral changes require grand behavioral interventions? 

- How did Jez help Mexico implement a country-wide campaign to tackle obesity using behavioral science? What can we learn from this example?

https://www.goodreads.com/book/show/49190518-ripple

https://www.cowryconsulting.com/consultants/jez-groom

Compliance Code: 0934-OAS-5/26/2022

Tune in to hear:

- What are some of the primary drivers of asset flows from a behavioral perspective?

- Soft factors account for a lot more of clients’ decision-making process about their assets - what is the takeaway, for asset managers and financial advisors, from this revelation?

- What are the three different types of trust that Herman breaks down in his book?

- Interpersonal trust might be the most important pillar of trust, as well as being the most within an advisor’s sphere of control. What can one do to build and fortify this with our client base?

- What is the number one most trusted profession in both the US and nearly globally? Why might this be the case?

- Why are financial professionals rated so low on the Edelman Trust Barometer? Could they ever be trusted at the same level as those in a medical profession?

- What are the “Big 5” personality traits and how can they be applied to deepen the understanding between clients and advisors?

https://www.thetrustmandate.com

https://www.prospectabriefings.com

Compliance Code: 0919-OAS-5/24/2022

Tune in to hear:

- Has Kurt ever noticed a problem that isn’t ostensibly behavioral in nature that ended up being behavioral?

- How can we craft a cohesive work culture without contributing to problems like group think?

- From a leadership perspective, how can we open ourselves up to new ideas and not fall prey to confirmation bias? Also, if we are the person that’s going to question the status quo of an organization - how can we do that in a way that it’s likely to get picked up?

- What is a when-then rule and how can it help us make better decisions?

- What is one thing that Kurt has learned from a guest on his podcast, Behavioral Grooves, that surprised him or that he has since applied in his own life?

- What is something he has changed his mind about since he began hosting the podcast?

- What are one or two behavioral changes the average person could make to improve their life?

https://twitter.com/whatmotivates

https://www.linkedin.com/in/kurtwnelson

Compliance Code: 0781-OAS-5/5/2022
 

Tune in to hear:

- How did Peter get started reviewing frozen pizzas?

- What is it that most people misunderstand about investing?

- How does Peter, as an advisor, go about crafting a vivid and salient personal vision for his clients?

- How can you bring clients back to a vision of their future selves in a difficult moment?

- How, practically, does Peter try to maximize anxiety-adjusted returns when creating a portfolio?

- What are some behavioral similarities between cake mixes and portfolios?

- Why did Peter dedicate an entire chapter of his book to market downturns?

- How does one educate their clients honestly about potential market downturns gently without scaring them off?

https://www.amazon.com/Making-Money-Simple-Complete-Financial/dp/1119537878

https://peterlazaroff.com/podcast/

Compliance Code: 0783-OAS-5/5/2022.

Tune in to hear:

- How does technology shape the way we act? Sometimes we don’t even know the water that we are swimming in with regards to technology - how can this induce us to make good or poor decisions?

- Is there a way that tech can facilitate some of the soft skills of client interaction (e.g. care, empathy and connection)?

- What role should self-care, self-work and introspection play in advisors being better behavioral coaches for their clients?

- When Natalie had realizations about personal shifts she needed to make to better serve her clients, what was the catalyst that spurred her personal growth?

- How can we as an industry help convey the fact that the soft skills and behavioral elements of a financial practice are critically important to its success?

- In Natalie’s experience, what does good goals-based planning look like?

- How can we make the advice we give our clients stickier?

https://www.linkedin.com/in/natalie-taylor-cfp%C2%AE-bfa%E2%84%A2-0822a7a

https://www.natalieanntaylor.com/

Compliance Code: 0729-OAS-4/28/2022
 

Tune in to hear:

- How has Meb’s world, and domestic, travel shifted the way he thinks about investment?

- What is Meb’s least popular idea about investing?

- Why is it so important to codify and pre-commit to your own sell strategy?

- What is Meb’s “red light, green light” approach? How does he think about market timing and tactical asset allocation?

- Meb likes to give out free business ideas that he doesn’t have the bandwidth to take on himself. Has anyone ever run with one of these ideas and what is his latest and greatest business idea?

- What lessons has Meb learned across his experiences as an angel investor?

https://www.cambriafunds.com/

https://mebfaber.com/

Compliance Code: 0671-OAS-4/22/2022

Tune in to hear:

- What are some of the flimsy tethers in peoples’ lives that keep them from achieving financial greatness?

- If an advisor’s number one job is not to make you money, what might it be?

- What are the 11 different dimensions of wealth that Seth’s firm lays out? How did he arrive at these?

- How do these provide a helpful framework for clients during times of crisis?

- How do you balance giving your children a great amount of access without spoiling them or diminishing their self-reliance?

- Should we talk with our children about our income level and our net worth?

- Is it a reality for anyone other than those who are already wealthy to switch from a job that’s making them miserable to a more fulfilling, but potentially lower paying, position?

- How can advisors best support their clients during divorce and other hard times? What is the appropriate level of intervention or closeness in these cases?

https://missionwealth.com/

https://www.youtube.com/watch?v=qHNhNjNwGVY

Compliance Code: 0561-OAS-4/4/2022