Standard Deviations with Dr. Daniel Crosby

This week on Standard Deviations, the tables are turned as Daniel passes the mic to Dr. Brian Portnoy, author of The Geometry of Wealth. Brian and Daniel discuss Dr. Crosby's new book, The Behavioral Investor, touching on: The four primary types of investor misbehavior What can be done to manage behavioral risk The future of behavioral finance For fans of psychology, personal finance and the elusive search for happiness, this episode is a can't miss. Read Daniel's book: https://www.amazon.com/gp/product/0857196863?pf_rd_p=c2945051-950f-485c-b4df-15aac5223b10&pf_rd_r=64A1MZ20GJNVXJZT6G2Q Read Brian's book: https://www.amazon.com/Geometry-Wealth-Shape-Money-Meaning/dp/0857196715/ref=sr_1_1?s=books&ie=UTF8&qid=1543434923&sr=1-1&keywords=the+geometry+of+wealth

What’s the recipe for a great presentation? This week Jennifer McClure, an entrepreneur, keynote speaker, leadership success coach, and former HR executive who works with business leaders to build their influence, think strategically, and create maximum positive impact at work and in life, provides a masterclass on sharing ideas with the world generally as well as specific advice around common clichés to avoid and for how to create a business around public speaking. Learn more about Jennifer: https://jennifermcclure.net/ https://twitter.com/JenniferMcClure

During the last holiday season, entrepreneurship consultant Tra Williams was feeling especially thankful for his gifts and said so on social media. His gratitude was immediately thrown back in his face by an online troll who suggested that he "go feed his unicorn." Originally taken aback by the rudeness, Tra decided not to let the bully get him down and instead determined he would follow his advice; He WOULD feed his unicorn, thank you very much. Listen to this episode to learn: How to maintain childhood and creativity, all while earning a living Why work and life are equal goods that feed one another, not separate entities to be "balanced" Why you should never let others define success for you Listeners will leave energized and more encouraged than ever to chase that long-ignored dream!

Randy Norton - Applying Value Investing to Real Estate This week the Standard Deviations is pleased to welcome Randy Norton, Managing Partner and Global Head of Real Estate and Alternative Investments at Green Mesa Capital. Randy provides excellent guidance on how to think about seldom-considered asset classes in a conversation that touches on: How the wisdom of value investing can be applied to real estate The most common behavioral traps among real estate investors Considerations for buying a REIT vs. real property Learn more about Randy: https://greenmesacapital.com/home/

Joey Fishman - A Practical Conversation About ESG This week on Standard Deviations, Dr. Crosby speaks with Joey Fishman who heads up the socially responsible investing arm of Ritholtz Wealth Management and oversees their "Portland Portfolio." Their discussion of ESG investing includes: A definition of the differences between SRI, ESG and impact investing How to think about risk and return tradeoffs in values-based portfolios A hard look at whether or not SRI brings about the desired changes Learn more about Joey: https://ritholtzwealth.com/team/joel-joey-fishman/ @joeyfishman

Tyrone Ross is a financial advisor, cryptocurrency enthusiast and Olympic Trials qualifier in the 400 meters. In this week's episode, Tyrone shares intensely personal stories of how his brushes with defeat have made him the success that he is today. Our longest episode to date, you'll understand why we needed all 1.5 hours to have this important conversation! Listen in to learn: How a handful of heartbreaking failures set Tyrone on his current path to success What gave him hope in his darkest hour Why Tyrone is a crypto believer at a time when many others are losing faith Whether crypto is a currency an asset class or something different entirely If the "I like blockchain but not Bitcoin" stance is a sensible one Learn more about Tyrone: https://www.noblebridgewealth.com/team-member-01/tyrone-ross-jr

Our guest this week is Dan Egan, Director of Investing and Personal Finance at Betterment. Dan is an expert at improving decisions through smart technological design and he brings that wisdom to a show that includes talk of: How "centaur" approaches (combining human advisors with tech) are the future of finance Why investors need to have faith in their own approach The future of behavioral finance Whether it is most effective to change the person or the product Learn more about Dan: https://www.dpegan.com/ Dan recommends: https://www.amazon.com/Engine-Not-Camera-Financial-Technology/dp/0262633671/ref=sr_1_1?ie=UTF8&qid=1538390664&sr=8-1&keywords=an+engine+not+a+camera

Dr. Sarah Stanley Fallaw - The Next Millionaire Next Door Standard Deviations welcomes Sarah Stanley Fallaw, Ph.D. the founder and President of DataPoints LLC, a research-based technology company that gives advisors tools to identify and guide better financial behaviors in their clients. Dr. Fallaw is continuing and furthering the important work begun by her father, Thomas Stanley, author of The Millionaire Next Door. In this data-packed episode, Dr. Fallaw shares with us: What to look for in an appropriate measure of risk tolerance The characteristics shown by young people who are likely to become millionaires The steps you can take to become the next millionaire next door Learn more about Dr. Sarah: https://www.datapoints.com/ https://twitter.com/sarahfallaw Sarah's new book: https://www.amazon.com/Next-Millionaire-Door-Enduring-Strategies/dp/1493035355/ref=sr_1_1?ie=UTF8&qid=1538393280&sr=8-1&keywords=sarah+stanley+fallaw

Chris Turchansky - The Financial Advisor of the Future Standard Deviations is pleased this week to welcome Chris Turchansky, President of ATB Investor Services. Chris's role is unique in that he leads a team of investment and financial services professionals with a singular focus on serving the residents of Alberta, Canada. Chris believes that investing is about more than just money and that it is directly tied to things like happiness and family security. Listeners to this week's episode will learn: What the financial services industry can change to better serve clients' interests Why he is optimistic about the future of advice in the face of a great deal of naysaying How the future of advice will look different than it is today How clients can discern between good and bad financial advisors Learn more about Chris: https://www.atb.com/about/Pages/executive-team.aspx https://twitter.com/turchansky?lang=en

Annette Hammortree is the owner of Hammortree Financial Services and the parent of a child with special needs. With a passion born of personal experience, Annette provides us with a detailed look at the unique financial considerations of those who love someone with special needs. Listeners will learn: The biggest misconceptions and misunderstanding around money and children with special needs How living with a special child impacts daily living The financial considerations that are unique to families of children with special needs The three steps necessary to help prepare today for an uncertain tomorrow Follow up with Annette: http://www.hammortreefinancial.com/ Josh Wilson - "Dream Small" ~ https://www.youtube.com/watch?v=dOBaLrItEyc

Neil Bage - Behavioral Finance and FinTech This week, Dr. Crosby is joined by fellow behavioral finance geek Neil Bage, co-founder of the award winning fintech Be-IQ. Neil is passionate about helping people make safe and informed choices and is a specialist on behavioral drivers of financial decisions. In this episode, we explore the intersection of technology and psychology by discussing: How behavioral finance can move from diagnosing bias toward more practical solutions Whether education is sufficiently powerful to constrain bad investor behavior The recent critique of loss aversion in the Journal of Consumer Psychology Learn more about Neil: https://www.beiq.co.uk/ https://twitter.com/neilbage

Kristin Scroggin - Millennials and Money The world "millennial" was recently deemed so loaded and negative that the New York Times struck it from their style book. But are millennials really as entitled as the popular press would have us believe? This week, generational expert Kristin Scroggin joins us to cut through the noise and provide facts and figures around millennials and money. In this stereotype-destroying hour you will learn: How early bad experiences with investing have sensitized young people to volatility The source of Millennials skepticism toward financial experts Truths vs. stereotypes about Millennials and money How best to provide advice to young investors Why socially responsible investing might succeed with this generation To learn more about Kristin: https://www.genwhycommunications.com/

Brian Ford - The Eight Pillars of Financial Wellness This week on Standard Deviations, Dr. Crosby sits down with financial wellness executive Brian Ford to understand the eight pillars of financial readiness. Discussion points include: The behavioral benefits of automation The most ignored source of additional money The psychological and planning benefits of giving money away Learn more about Brian: https://www.momentumonup.com/ Brian's book about the 8 pillars: https://www.amazon.com/8-Pillars-Financial-Greatness/dp/1432737481/ref=sr_1_1?s=books&ie=UTF8&qid=1538055109&sr=1-1&keywords=brian+nelson+ford

October is Retirement Readiness Month and Travis Scribner is ready to tell us what it takes to be prepared. Travis initially worked on Wall Street before discovering his true passion; simplifying the complex world of finance for the benefit of everyday investors. In his current role as Managing Partner of WestPac Wealth Partners he oversees more than 25 financial representatives as well as hosting his own radio show, "Las Vegas Money Resource." My talk with Travis includes: A discussion of whether or not the retirement readiness landscape is as bleak as it is sometimes portrayed Some of the psychological barriers to preparing for an event that is so far away Tips for maintaining a sense of meaning in retirement Follow up with Travis: http://www.westpacwealthpartners.com/team/travis-scribner

Jeff Zentner - How to Write a Book Dr. Crosby is joined this week by Jeff Zentner, author of New York Times Notable Book The Serpent King as well as Goodbye Days. His third book, Rayne & Delilah’s Midnite Matinee is forthcoming in February 2019. He is the winner of the William C. Morris Award, the Amelia Elizabeth Walden Award, the International Literacy Association Award, and the Westchester Fiction Award. His books have been nominated and longlisted for the Carnegie Medal, and he has been a finalist for the Indies Choice Award and the Southern Book Prize, and been named a Publishers Weekly Flying Start. Specifically, Jeff gives advice in this episode that will help listeners accomplish something that 80% of American says is a goal of theirs: to write a book. In this episode, you will learn: Why Jeff chooses to write his books on a phone on a Nashville city bus Where he finds inspiration for his characters How he overcomes the overwhelming cruelty of that first blank page Learn more about Jeff: http://www.jeffzentnerbooks.com/ Jeff's books: https://www.amazon.com/Rayne-Delilahs-Midnite-Matinee-Zentner/dp/1524720208/ref=sr_1_3?ie=UTF8&qid=1538395403&sr=8-3&keywords=jeff+zentner https://www.amazon.com/Serpent-King-Jeff-Zentner/dp/0553524054/ref=pd_sbs_14_3?_encoding=UTF8&pd_rd_i=0553524054&pd_rd_r=04d60b3e-c572-11e8-a709-598374602c47&pd_rd_w=l9hTy&pd_rd_wg=IWLVX&pf_rd_i=desktop-dp-sims&pf_rd_m=ATVPDKIKX0DER&pf_rd_p=0bb14103-7f67-4c21-9b0b-31f42dc047e7&pf_rd_r=EM73JT2DW7TAP9DH5XZ8&pf_rd_s=desktop-dp-sims&pf_rd_t=40701&psc=1&refRID=EM73JT2DW7TAP9DH5XZ8 https://www.amazon.com/gp/product/0553524097/ref=dbs_a_def_rwt_hsch_vapi_taft_p1_i0