Daniel Crosby: 'If You're Excited About It, It's Probably a Bad Idea'

<p>Our guest on the podcast today is psychologist and author Dr. Daniel Crosby. Daniel is the chief behavioral officer at Orion Advisor Solutions. Daniel has written numerous books on behavioral finance, including <i>The Behavioral Investor</i>, <i>The Laws of Wealth: Psychology</i> <i>and The Secret to Investor Success</i>, and <i>You're Not That Great</i>. Daniel also hosts his own podcast called <i>Standard Deviations</i>. He received his Bachelor of Science and doctorate at Brigham Young University.</p><p> </p><p><strong>Background</strong></p><p><a href="https://www.linkedin.com/in/danielcrosby/" target="_blank">Bio</a></p><p><a href="https://www.amazon.com/Behavioral-Investor-Daniel-Crosby/dp/0857196863/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1630090076&sr=1-2" target="_blank"><i>The Behavioral Investor</i></a>, by Daniel Crosby</p><p><a href="https://www.amazon.com/Laws-Wealth-Psychology-investing-success/dp/0857195247/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1630090172&sr=1-1" target="_blank"><i>The Laws of Wealth: Psychology and the Secret to Investor Success</i></a>, by Dr. Daniel Crosby</p><p><a href="https://www.amazon.com/Youre-That-Great-Daniel-Crosby/dp/1595718362/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1630090172&sr=1-3" target="_blank"><i>You’re Not That Great</i></a>, by Daniel Crosby, Ph.D.</p><p><a href="https://www.standarddeviationspod.com/bio" target="_blank"><i>Standard Deviations </i>podcast</a></p><p><a href="https://orion.com/" target="_blank">Orion Advisor Solutions</a> </p><p><strong>Current Environment</strong></p><p>“<a href="https://www.ally.com/do-it-right/investing/tips-to-avoid-investing-peer-pressure/?chid=0.21473096323538798" target="_blank">3 Tips to Handle Financial Peer Pressure With Ease</a>,” ally.com, Aug. 18, 2021.</p><p>“<a href="https://scholarsarchive.byu.edu/cgi/viewcontent.cgi?article=3024&context=facpub" target="_blank">Loneliness and Social Isolation as Risk Factors for Mortality: A Meta-Analytic Review</a>,” by Julianne Holt-Lunstad and Timothy Smith, scholarsarc