RT26: Overcoming behavioural biases ft. Daniel Crosby – 1of2
On today’s episode, Niels Kaastrup-Larsen speaks with Dr. Daniel Crosby, Chief Behavior Officer of Brinker Capital, and the host of The Standard Deviation Podcast. Dr. Crosby came to investment management through clinical psychology and therefore has a unique perspective on behavioral economics. The discussion ranges from how human behavior is evolutionarily ill-equipped for investment management, the importance of having rules for investing during turbulent times, and what investors can do to modify their behavior for success.
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In This Episode, You’ll Learn:
- What makes Daniel’s background rare in investment management
- How the eradication of Guinea Worm is relevant to investing behavior
- Why the evolution of human behavior is antithetical to investing
- How being a quantitative investor is beneficial to overcoming bad behavioral economics
- The correlation between activity and success in the markets
- What are the building blocks of behavioral finance
- Why “I don’t know” is the most under-appreciated phrase in investing
- The role of conservatism in behavioral economics
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