Dr. Daniel Crosby on How our Psychology Impacts our Spending, Investing and Risk Taking Decisions

January 16, 2025

by an investor from Harvard University - Harvard Business School in Toronto, ON, Canada

This week, we dig into a collection of topics that I hope you will agree are universal, and go well beyond the challenges and opportunities that are specific to entrepreneurs, CEOs, and investors. I’m talking about things like meaning, purpose, fear of the unknown, when to continue vs. when to persist, why we tend to ignore simple solutions to complex problems, why pessimism sounds more intelligent than optimism, how to use our money to buy back time, and how to spend our money in ways that will maximize happiness and contentment.

To help me unpack all of these rather weighty topics, I was thrilled to welcome Dr. Daniel Crosby. to the podcast. Dr. Crosby is a behavioural finance expert, the Chief Behavioral Officer at Orion Advisor Solutions, a Clinical Psychologist, and a New York Times best-selling author.

Link to the episode is below. Please enjoy!

Dr. Daniel Crosby on How our Psychology Impacts our Spending, Investing and Risk Taking Decisions

Reply by a searcher
from University of Cincinnati in Toronto, ON, Canada

Thanks Steve for sharing this . I certainly agree with the view. But I also think its not just mind but also thoughts influence decisions and how thoughts are created , manifested and destroyed with time. Thoughts however also have architecture and timelines which if observed can help in decision making in all aspects of life business and investments.

Reply by a searcher
from University of Toronto in Toronto, ON, Canada

Thanks, Steve for sharing. Interesting discourse...but truly, no one can answer this for anyone as purpose and clarity in life are personal soul-searching and continuous life-long process.

+3 more replies.

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