Daniel Crosby, Ph.D.

Summary

Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby recently co-authored a New York Times Best-Selling book titled, Personal Benchmark: Integrating Behavioral Finance and Investment Management.

He also constructed the “Irrationality Index,” a sentiment measure that gauges greed and fear in the marketplace from month to month. His ideas have appeared in the Huffington Post and Risk Management Magazine, as well as his monthly columns for WealthManagement.com and Investment News. Daniel was named one of the “12 Thinkers to Watch” by Monster.com and a “Financial Blogger You Should Be Reading” by AARP. When he is not consulting around market psychology, Daniel enjoys independent films, fanatically following St. Louis Cardinals baseball, and spending time with his wife and two children.

Specialties: behavioral finance, behavioural finance, behavioral economics, behavioural economics, market psychology, investor psychology, psychology of decision making, consumer psychology, stock market psychology, irrationality

TEDxHuntsville – Daniel Crosby – You’re Not That Great: A Motivational Speech

TEDxHuntsville – Daniel Crosby – Behavioral Finance and Love?

Experience

•  Chief Behavioral Officer Orion Advisor Solutions                                         Dec 2020 – Present
•  Chief Behavioral Officer Brinker CapitalBrinker Capital                             Nov 2018 – Dec 2020 
•  President IncBlot Behavioral FinanceInc                             Jan 2010 – Nov 2018 Greater Atlanta Area
•  Consultant Sperduto and Associates                                       Jul 2008 – Dec 2009 Greater Atlanta Area
•   Pre-Doctoral InternEmory University                                      22-daniel-crosby-ph-d-linkedindaniel-photoJul 2007 – Jul 2008 · 1 yr 1 mo.

Education

•   Brigham Young UniversityBrigham Young University               B.S., Ph.D., PsychologyB.S.  2001 – 2008
  • • Proficient in writing, reading and speaking Tagalog (Filipino).Proficient in writing, reading and speaking Tagalog (Filipino).

• Publications

• The Behavioral Investorpublication date: Oct 16, 2018    publication description: Harriman HouseIn The Behavioral Investor, psychologist and asset manager Dr. Daniel Crosby examines the sociological, neurological and psychological factors that influence our investment decisions and sets forth practical solutions for improving both returns and behavior. Readers will be treated to the most comprehensive examination of investor behavior to date and will leave with concrete solutions for refining decision-making processes, increasing self-awareness and constraining the fatal flaws to which most investors are prone.The Behavioral Investor takes a sweeping tour of human nature before arriving at the specifics of portfolio construction, rooted in the belief that it is only as we come to a deep understanding of “why” that we are left with any clue as to “how” we ought to invest. The book is comprised of three parts, which are as follows:– Part One – An explication of the sociological, neurological and physiological impediments to sound investment decision-making. Readers will leave with an improved understanding of how externalities impact choices in nearly imperceptible ways and begin to understand the impact of these pressures on investment selection.– Part Two – Coverage of the four primary psychological tendencies that impact investment behavior. Although human behavior is undoubtedly complex, in an investment context our choices are largely driven by one of the four factors discussed herein. Readers will emerge with an improved understanding of their own behavior, increased humility and a lens through which to vet decisions of all types.– Part Three – Illuminates the “so what” of Parts One and Two and provides a framework for managing wealth in a manner consistent with the realities of our contextual and behavioral shortcomings. Readers will leave with a deeper understanding of the psychological underpinnings of popular investment approaches such as value and momentum and appreciate why all types of successful investing have psychology at their core.See publication The Behavioral Investor See publication
• The Laws of Wealth: Psychology and the Secret to Investing Successpublication date: May 24, 2016   publication description: Harriman HouseFrom New York Times and USA Today bestselling author, Dr Daniel Crosby, comes the behavioral finance book all investors have been waiting for.In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby offers an accessible and applied take on a discipline that has long tended toward theory at the expense of the practical. Readers are treated to real, actionable guidance as the promise of behavioral finance is realised and practical applications for everyday investors are delivered.Crosby presents a framework of timeless principles for managing your behavior and your investing process. He begins by outlining ten rules that are the hallmarks of good investor behavior, including ‘Forecasting is for Weathermen’ and ‘If You’re Excited, It’s Probably a Bad Idea’. He then goes on to introduce a unique new taxonomy of behavioral investment risk that will enable investors and academics alike to understand behavioral risk in a newly coherent and complete way.From here, attention turns to the four ways in which behavioral risk can be combatted and the five equity selection methods investors should harness to take advantage of behaviorally-induced opportunities in the stock market. Throughout, readers are treated to anecdotes, research and graphics that illustrate the lessons in memorable ways. And in highly valuable ‘What now?’ summaries at the end of each chapter, Crosby provides clear, concise direction on what investors should think, ask and do to benefit from the behavioral research.Dr. Crosby’s training as a clinical psychologist and work as an asset manager provide a unique vantage and result in a book that breaks new ground in behavioral finance. You need to follow the laws of wealth to manage your behavior and improve your investing process!See publication The Laws of Wealth: Psychology and the Secret to Investing Success

Languages

1. EnglishNative or bilingual proficiency
2. TagalogFull professional proficiency

Education

Brigham Young University

B.S., Ph.D., Psychology

2001 – 2008

Proficient in writing, reading and speaking Tagalog (Filipino).

• Interests
  • St. Louis Cardinals baseball,
  • reading,
  • independent movies and music

Honors & Awards

• Gold Medal – Investing & Personal FinanceFeb 2017 Axiom Business Book Awards“The Laws of Wealth: Psychology and the Secret to Investing Success” was chosen as the winner of the gold medal in the investing personal finance category. The Axiom Business Book Awards exist to recognize excellence in business writing.

• IMCA Applied Behavioral Finance Certificate
  • May 2016    IMCA
  • IMCA’s online Applied Behavioral Finance Certificate Program is designed to help advisors address common financial decisions that trip up investors. Featuring notable experts from leading business schools, the program presents in-depth, thoughtful, and interesting research from the field today.
• Investment News “40 Under 40”Jun 2015    Investment News
• New York Times and USA Today BestsellerDec 2014   The New York Times/USA TodayAwarded for, “Personal Benchmark”, a book on integrating behavioral finance and investment management co-authored with Chuck Widger of Brinker Capital.