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Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist, behavioral finance expert and asset manager who applies his study of market psychology to everything from financial product design to security selection. He is co-author of the New York Times bestseller Personal Benchmark: Integrating Behavioral Finance and Investment Management and founder of Nocturne Capital. ... Read more on Daniel Crosby
I think The Laws of Wealth should be read by all those new to investing. Jim O'Shaughnessy
First Book Investors Need to Read to Be Successful...One of the useful features of this book is the “What’s new” summary sections at the end of each chapter. Les Masonson, author Buy - Don't Hold and ETF Columnist for Technical Analysis of Stocks & Commodities Magazine
The financial services industry is broken and has for too long ignored the human factor. Savvy investors and advisors understand that emotions, decisions and behavior are at least as important as big returns and Dr. Daniel Crosby explains just that in The Laws of Wealth David Geller, CEO, GV Financial
Using lively and engaging real-life examples Dr. Crosby gives insights into innate human behavior and its role within the financial markets. In this entertaining book he provides brilliant invaluable practical framework for investors, financial professionals and anyone in search of true wealth. Dr. Svetlana Gherzi, Behavioral Finance Specialist, UBS
Individual investors are often their own worst enemies, whether they re selling when they should be buying, focusing on their stocks day-to-day swings or letting the media drive them into a panicked emotional state. In Dr. Daniel Crosby s newest book, he breaks down how to implement a set of easy-to-follow rules to keep investors on track. Don't let your mind ruin your investing outcomes. Read his book and arm yourself against yourself today. LouAnn Lofton, The Motley Fool
Drawing the connection that what makes us interesting as humans can make us unsuccessful at managing our money in times of turbulence, Dr. Crosby provides a safe haven with his framework for success. This book is not only informative but enjoyable, as he gently exposes how human behavior impacts our decision making. Noreen D. Beaman, CEO of Brinker Capital, Inc
Step away from CNBC and into financial therapy! People often think that buy low, sell high is the first (and only) rule of investing. This deceptively simple phrase motivates most, if not all investors, and yet many investors fail to successfully follow this simple mantra. In The Laws of Wealth, Daniel Crosby explains why we struggle with deceptively simple investment decisions, suggesting that first rule of profitable investing is to get out of your own way. Meredith A. Jones, Author, Women of The Street: Why Female Money Managers Generate Higher Returns (And How You Can Too)
When I'm looking for sharp, against-the-grain insights on how we can and should make better investing decisions, I always turn to Daniel Crosby. If he s publishing, blogging, or Tweeting, I want to know about it. It also doesn't hurt that he's often hilarious in taking our built-in foibles and creating the potential for ending up in a much better place than we would otherwise. This book is yet another fantastic contribution to the practice of sound (and sane) investing. Dr. Brian Portnoy, Head of Investor Education at Virtus Investment Partners
Dr. Daniel Crosby is one of the preeminent behavioral psychologists in investing today, and it shows with this tour de force of how an investor can manage their wealth. With these few simple rules, investors can easily build a framework allowing them to thrive, even when their human instincts try to sabotage their investing. Get this book! Aaron Klein, CEO at Riskalyze
Behavioural finance, in my view, is one of the most interesting and thought provoking areas of economics. Instead of focussing on the ways humans, or "Homo economicus", should behave in relation to ...Read more
Investing by the Books
This is something as unusual as a practical book on behavioral finance. Where the discipline for too long has focused on disproving the so-called Modern Portfolio Theory and listing psychological ...Read more
What do you get when you combine a clinical psychologist with an asset manager? You get, Doctor Daniel Crosby, and the fascinating world of behavioural finance.
We’ve all probably poured over ...
Financial Services Marketing
I had the privilege of meeting New York Times bestselling author Dr. Daniel Crosby at FinCon in 2014. During his keynote address at the conference, he spoke about the intersection of finance and ...Read more
Warren Buffett’s mentor Benjamin Graham famously said, “The investor’s chief problem — and even his worst enemy — is likely to be himself.”
Graham sure knew his subject. Consider: The ...
Journal of Financial Planning: Practice Management Blog
Law #2 – You Cannot Do This Alone
In an era of seven-dollar trades and fee compression, some have been quick to dismiss the traditional advisory relationship as a relic of a bygone era. Years ...
How to eat and not get eaten
Bear markets are tough on everyone. Even the best traders can lose the plot. Trying to run the winners might stop working – because there are no winners.
It is with great pleasure that we, at QUAKE Books, invite Daniel Crosby, a psychologist, behavioural finance expert and author of The Laws of Wealth to our headquarters to talk wealth, its laws and ...Read more
Only nine stocks in the FTSE 350 haven't bounced back after Brexit vote shock
Do you have the confidence to buy shares when there is a sudden drop in the broader stock market? Judging by the size ...
This doesn’t look like it’s going to be a particularly interesting book. But it is in fact interesting and entertaining, and deals with some of my favourite investing subjects with such ...Read more
The AAII Journal
At a time when our political landscape is as divisive and contentious as it has ever been, it should come as no surprise that the active versus passive debate in investment circles mirrors the ...Read more
Michael welcomes Daniel Crosby, author of “The Laws of Wealth: Psychology and the Secret to Investing Success.” His background is in behavioral psychology and he sees the markets as a great ...Read more
Axiom Business Book Awards
ATLANTA – Axiom has announced the winners and finalists of THE 2017 BUSINESS BOOK AWARDS on February 15, 2017. Winners were announced in each of 22 business categories with The Laws of Wealth: ...Read more
Dr. Daniel Crosby joins us today to discuss his latest book, The Laws of Wealth, where he explains how human psychology presents the both the biggest obstacle to investment success and the greatest ...Read more
The Behavioral Benefits of Values-based Investing
New article and Video by Dr. Daniel Crosby, President of Nocturne Capital and the New York Times bestselling author of The Laws of Wealth.
I am ...
Investing is full of potential obstacles. Most investors think that if they could just figure out what happens next, they can easily avoid the future obstacles in their path. But few investors ever ...Read more
The Key Point
Psychologist Daniel Crosby works in the field of behavioral finance. “Given that you, as a member of the human family, have tendencies toward impatience, arrogance and a fetish for complexity, it ...Read more
An interview with Dr. Daniel Crosby On Behavioral Finance: The Laws of Wealth
Which behavior or behavioral trait do you think is the most damaging for investors and their returns?
One of the ...
Daniel Crosby, founder of Nocturne Capital and author of a new book, The Laws of Wealth, points out that the familiar can be a danger when you’re aiming to diversify.
“Our familiarity with ...
Dr. Daniel Crosby is a well-known author and speaker on Behavioral Finance and brings the scientific perspectives, research, and insights on the topic.Read more
Despite the enormous wealth creating power of the market, looking at it too closely can be terrifying. In the latest episode of "On Your Best Behavior," Daniel Crosby looks at the immortal words of ...Read more
Simple choices — putting money aside for retirement, increasing contributions once a year, holding tight during market volatility — are what drives investors to success, said Daniel Crosby, ...Read more
The Acquirer’s Multiple
This week we’re going to take a look at twenty of the best books on investor pyschology.
16. The Laws of Wealth: Psychology and The Secret To Investing Success (Daniel Crosby)
The Resilient Advisor
Dr. Daniel Crosby is one of the industry's top thought leaders on Behavioral Finance. He authored the New York Times bestseller 'The Laws of Wealth' and is the host of the popular Standard Deviations ...Read more
Myth 3 – A client’s investment portfolio should meet or beat a relevant investment index or benchmark
The only benchmark that matters is meeting one’s personal financial life goals and to do ...