Tune in to hear:

• How can we make the lessons of market history feel salient to present day investors?
• Is the South Sea Bubble Ben’s favorite historical anecdote around investing and money?
• What is the “now show Japan” mindset and how does it steer people awry?
• Both from the advisor perspective, and also the end-investor perspective, how do we get people to realize the value of doing nothing and passive investing?
• When Ben says there are two types of Bear Markets, what does he mean and how do they differ?
• What is Ben’s analogy about winning points versus winning matches between tennis and financial markets?
• Ben lays out the 20 things he believes about investing in the Epilogue of his new book. What is the 1 of these 20 things that he thinks is most important for investors and advisors to understand?

Links

• A Wealth of Common Sense
• Ben Carlson on Twitter
• Ben Carlson on LinkedIn
• Animal Spirits Podcast

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 1730-U-26156

This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Clare Flynn Levy, CEO and Founder of Essentia Analytics. Prior to founding Essentia, Clare spent 10 years as a fund manager, both active equity (running over $1B of pension funds for Deutsche Asset Management) and hedge (as founder and CIO of Avocet Capital Management, a specialist tech fund manager). She ultimately “went native” into the software space as President of Beauchamp Financial Technology, a market-leading provider of portfolio management systems to hedge funds, which was acquired by Linedata Services S.A. Clare’s vision for Essentia is based on years of being the customer, followed by years of listening to the customer.

Tune in to hear:

• Why do people so desperately overvalue being right, even in environments where payoff matters more than accuracy?
• How do we begin to get comfortable with being wrong and not being overconfident when the discomfort of being wrong is so poignant for us as humans?
• How do we convince everyone, from mom and pop investors to hedge fund managers, that rules are the most reliable thing when intuition tells us that it should be personal intelligence?
• How does Clare think about knowing when Alpha has decayed versus just holding on to a true principle that has fallen out of favor momentarily?
• What boxes did one need to tick to become a stock market maestro in Clare’s new book? Also, what were some of her favorite rules or quirks that reflect how these maestros did things a bit differently?
• How does true investment skill, as Clare measures it, differ from investment skill in the popular imagination?
• How does Clare apply the lessons she has learned from Wall Street around quality decision making to her parenting and her personal life?

Links

• Clare Flynn Levy on LinkedIn
• Stock Market Maestros
• Behavioral Alpha
• Essentia Analytics

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 1718-U-26155

Tune in to hear:

• Was there anything that Doug and Heather learned about each other, in the process of writing their book, that surprised them?
• What are some common disagreements among couples that are ostensibly about money, but in actuality are about something much deeper?
• How do Heather and Doug suggest that people begin to examine their money stories to begin to understand their beliefs about money that are often subconscious and inherited?
• Why is the idea that “there is no normal” when it comes to money an empowering message for advisors and investors to internalize?
• How should couples think about value and contribution when one person’s contributions may not show up on a paycheck?
• What are some of the common myths around fairness and contributions? Also, how can couples work together to create a sense of fairness when the world doesn’t necessarily award all types of work equally?
• If Doug and Heather could eliminate one piece of financial advice that’s commonly given to couples, what would it be and why?

Links

• Money Together
• The Joint Account
• Douglas Boneparth on LinkedIn
• Heather Boneparth on LinkedIn

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 1716-U-26155