Dr. Daniel Crosby - Take Control of the Knowing-Doing Gap
Dr. Daniel Crosby
When we know better, do we do better? Why are there so many areas in our lives where we need reminders and prodding to make things happen? In this episode, host Matt Hall is joined by bestselling author Dr. Daniel Crosby who helps explain the “knowing-doing gap,” the three Es for changing our behavior, and why constant praise is not the best way to raise successful children.
More About Dr. Daniel Crosby
Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby 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 translated into seven languages.
His latest work, The Behavioral Investor, is a comprehensive look at the neurology, physiology and psychology of sound financial decision-making. When he is not consulting around market psychology, Daniel enjoys exploring the American South, fanatically following St. Louis Cardinals baseball, and spending time with his wife and three children.
Dr. Daniel Crosby’s TED Talk - You're Not That Great: A Motivational Speech
Dr. Daniel Crosby’s TED Talk - Can Being Weird Make You Rich and Happy?
Morningstar: How Fund Fees are the Best Predictor of Returns
Key Topics
Intro: (00:00)
How Dr. Crosby chose his career (02:11)
About Dr. Crosby’s TED Talk - You’re Not That Great: A Motivational Speech (04:26)
About Dr. Crosby’s TED Talk - Can Being Weird Make Your Rich and Happy? (07:28)
Moneyball in relation to the investment world (08:41)
Morningstar study on the best predictors of investment success (09:42)
The knowing-doing gap (11:30)
The three Es (13:17)
Lessons from the pandemic (19:31)
Dr. Crosby’s take on whether boring is good in investing (23:42)
Dr. Crosby’s essential tips (25:15)
Baklava (26:37)
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