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Daniel Crosby & Neil Bage - The Laws of Wealth
Daniel Crosby & Neil Bage - The Laws of Wealth
ratings:
Length:
50 minutes
Released:
Apr 1, 2021
Format:
Podcast episode
Description
This week, Dr. Crosby is joined by fellow behavioral finance geek Neil Bage. 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 turn the tables and Neil interviews Daniel in celebration of the 2nd Edition release of Dr. Crosby's book 'The Laws of Wealth.'
Tune in to hear:
How does one go about controlling the controllable in their personal and financial life and what does one do if something that they have no control over matters a great deal to them?
How do financial advisors go about laying the right foundations for dealing with the emotional aspects their clients will inevitably encounter?
How do people maintain their composure and not get overly excited by, or attached to, a particular investment opportunity. Does this require a kind of courage?
What proactive steps can advisors take to factor into the human and behavioral element of investment advice?
Why might your average US citizen believe that investing in real estate is more fruitful than investing in the stock market?
Web: www.neilbage.com
Twitter: @NeilBage
Compliance Code: 1002-OAS-03/24/2021
Tune in to hear:
How does one go about controlling the controllable in their personal and financial life and what does one do if something that they have no control over matters a great deal to them?
How do financial advisors go about laying the right foundations for dealing with the emotional aspects their clients will inevitably encounter?
How do people maintain their composure and not get overly excited by, or attached to, a particular investment opportunity. Does this require a kind of courage?
What proactive steps can advisors take to factor into the human and behavioral element of investment advice?
Why might your average US citizen believe that investing in real estate is more fruitful than investing in the stock market?
Web: www.neilbage.com
Twitter: @NeilBage
Compliance Code: 1002-OAS-03/24/2021
Released:
Apr 1, 2021
Format:
Podcast episode
Titles in the series (100)
The Joys And Pains Of Comparing Yourself To Others: Let me ask you a question, “Do you like laugh tracks?” Didn’t think so. If laugh tracks are so universally disliked, why do Hollywood executives continue to include them? These executives understand something that we may not; however irksome canned laughter may be, it provides valuable social cues to viewers. Research has repeatedly shown that laugh tracks cause viewers to laugh longer and harder and to rate the viewing experience as more enjoyable. In fact, laugh tracks have been shown to be most effective at improving the appraisals of jokes that are especially bad! We are programmed to do what others are doing, even when those others only exist on tape. Social mimicry is ubiquitous. Panhandlers often salt their tip jars with money from the day before to show that giving is proper behavior and that other people have deemed them worthy of a handout. A beggar with no money in his cup is perhaps more deserving of a dollar, but also by Standard Deviations with Dr. Daniel Crosby