The Standard Deviations podcast is a weekly production that looks at money, mind and meaning, all through a psychological lens. Each week, psychologist and New York Times bestselling author Dr. Daniel Crosby interviews a fascinating new guest, experts in everything from finance to literature to wellness. Each guest provides listeners with three concrete ways to apply what was learned that week, ensuring that weekly listening becomes part of a path to a richer life. Episodes are brief, research-based, and designed to fit perfectly within your commute time. So, tune in for practical news that will help you make more, think more and be more.
Learn more by following Dr. Daniel @danielcrosby or visit the website at www.standarddeviationspod.com/
Standard Deviations is presented by Orion.
Phil Bak - Lessons from ETFs
Phil is widely regarded as a thought leader in the asset management industry. As Founder & CEO of Exponential ETFs Phil raised $1.8 Billion in AUM in just over three years after launching the company from scratch. As Managing Director at NYSE Phil exceeded 90% market share of ETF listings. Phil is the author of two patents on innovative ETF structures, has led market structure enhancements that have become industry standard and pioneered new investment strategies into the market. Phil is featured regularly on top-tier media outlets such as the Wall Street Journal, Bloomberg, CNBC, Financial Times and Reuters. Phil holds the Chartered Alternative Investment Analyst (CAIA) designation and is the host of the ETF Experience and the Phil Bak Podcast.
Tune in to hear:
- Why might the market be rallying in spite of the Coronavirus being worse than ever, unemployment rates at an all time high and political divisiveness is explosive?
- When is the right time to “check the math” on how enduring a factor is or something like discounted cash flows or fundamental analysis? How do we know when the world may have shifted so fundamentally, that certain market principles are no longer viable?
- The dangers of tying yourself entirely to quantitative and empirical methods of investing and what role “faith” might play in a successful investment strategy
- What are some potentially immutable principles of good investing?
- How humility plays a key role in a sound investment plan, regardless of your preferred approach to investing
- What are some potential upsides to reverse weighted ETFs?
- Phil started an ETF shop that he has since exited - what are some of the lessons he learned / takeaways and why does he consider it both a success and a failure?
Compliance code: 0637-OAS-2/23/2021
Hoda Mehr - The Future of DIY Trading
An economist by trade, Hoda manages her company’s successful flagship portfolio. She also applies behavioral economics, data journalism and storytelling to their product development. Before starting her own company, Hoda worked as a strategist at Sony, Aimia and Symantec. Outside of the world of work, Hoda is a certified wine specialist who loves Rottweilers.
Tune in to hear:
- What was Hoda’s “aha” moment that lead her to become a Fintech CEO?
- When did Hoda realize that awareness of behavioral bias is at the heart of sound investment strategies?
- What are some benefits to keeping an investment journal?
- If we’re playing devil’s advocate - what might a Fintech, that encouraged the worst possible practices, look like?
- As technologists, what responsibility do we have to maximize shareholder value vs. maximize value for the larger populace?
- How can technology be used to help us overcome our worst behavioral impulses?
- In investment, one can make a terrible decision, based on the information available and probabilities, and still come out on top. How can we entangle, or account for, those who make good decisions and get bad results and those who make bad decisions and get good results?
- Many active DIY traders show little aptitude in the market and often shoot themselves in the foot. What hope do DIY traders have and why did Hoda decide to focus on this niche within the greater market?
Compliance code: 0639-OAT-02/23/2021
Jean-Michel Pailhon - The Case for Crypto
Jean-Michel Pailhon is Vice-president at Ledger, the leading company in security solutions for crypto-assets, where he’s heading the company’s product initiatives. He joined Ledger in early 2017 when the company had 20 employees initially leading the finance, strategy and corporate development initiatives. Before that, Jean-Michel spent 15+ years in the financial industry, working for Euronext and then the New York Stock Exchange, where he held various management positions covering finance, strategy, fund management, M&A and IPO. Jean-Michel is a founding member of the French Fintech Startups Association (https://francefintech.org/en/) and is a lecturer in finance and strategy at ESSEC Business School and Pantheon Assas University (France).
Tune in to hear:
- Why compelling use cases might be more critical than the price action for the healthy growth, and widespread adoption, of bitcoin and other crypto currencies
- 5 to 10 years from now might volatility in Bitcoin look more like US equities or is it more likely to remain a volatile asset throughout its lifetime?
- What does Jean-Michel see as the primary use case for Bitcoin?
- Bitcoin’s slow processing speed is one of its main drawbacks. Might there be something to remedy this, or will Bitcoin always be slow?
- Bitcoin is the most famous and popular cryptocurrency - is it likely that we will improve upon its design, ultimately being replaced, or is it likely to remain on top in a decade?
- What are some of the biggest looming threats to the growth of Bitcoin? Are regulatory risks among them?
- How interconnected are the fates of blockchain technology more broadly and Bitcoin and can one succeed without the other?
- What is DeFi (Decentralized Finance) and how can it add value?
Compliance code: 0622-OAS-2/22/2021
Eric Clarke - Driving Better Investor Behavior
Eric Clarke serves as CEO for Orion Advisor Solutions (Orion), helping advisory professionals operationalize their vision for success by delivering cutting-edge financial technology and investment management solutions through the organization’s brand entities: Orion Advisor Tech, Orion Portfolio Solutions, CLS Investments and Brinker Capital Investments. Prior to his current role, Eric was the founding CEO of Orion Advisor Tech, which he continues to lead, and previously served as COO for CLS Investments. As an industry-recognized though leader and advocate for advisory professionals, Eric has written numerous articles that have appeared in InvestmentsNews and The Journal of Financial Planning. Eric has received numerous industry awards including ThinkAdvisor’s IA25 in 2012 and 2019, and InvestmentNews’ Icon & Innovators Award in 2019.
Eric earned his Bachelor of Science in Accounting from Brigham Young University and Master of Business Administration from the University of Utah. As an avid runner, Eric uses the solitude of his runs to think through business strategies and plan new scenarios to help advisors increase functional efficiencies and improve their businesses.
Tune in to hear:
- How Orion grew from a family business in middle America to a huge player in the Fintech space
- Is asset management a largely solved problem, and where might future innovations take place in the world of asset management?
- What unique role will the social sciences play in informing investment strategies?
- What might be the role of advisors in the coming years if investment management is a solved, or at least simplified, problem?
- In a company with so many moving parts, how does Eric decide where to focus spending to grow?
- What is an underdog trend in Fintech with lots of potential?
- Do fintech companies have an ethical obligation to focus on UI that lead to prudent client outcomes?
- How can CEOs create a culture and maintain both cohesion and influence in the current work from home reality?
Compliance code: 0613-OAS-2/22/2021
Kelly Eng & Lynsey Freeman - Women and Investing
Kelly is a Wealth Management Advisor at WestPac Wealth Partners. Kelly works with her clients in all aspects of financial wealth advisory including: asset protection, wealth accumulation and financial coordination. Kelly previously worked in Institutional and Portfolio Management. Her experience in the corporate world provided her a deep financial foundation but left her wanting to help people in a more personal way. After some personal experiences, Kelly made the switch to helping individuals, families and business owners and feels deeply rewarded by helping and coaching them onto a better financial path. Kelly graduated from Cornell University with a degree in Business Management. She has her CFA Designation, Investment, Life and Health licenses. In her free time, you will find her eating all types of cuisines, traveling domestically and internationally, spending time with family and friends and dancing salsa.
Lynsey Freeman’s passion is to teach her clients the art of money management - how to protect it, save it, invest it, spend it wisely and enjoy it through every stage of life. She provides a simple yet highly effective method of approaching finance - in a fun, personalized, compassionate, relatable and realistic way. Lynsey is a Managing Director at WestPac Wealth Partners based out of the Las Vegas office. She was born and raised in Las Vegas, Nevada and later finished her Bachelor’s Degree in Business Finance from the University of Nevada, Las Vegas. In addition to her career, Lynsey is focused on putting her passions and skills to good use by supporting local organizations and projects. In her spare time, you can find her on the golf course, yoga studio or spending time with her puppies.
Tune in to hear:
- What are some of the advantages of being a woman that make them uniquely suited to financial advising?
- How might some of women’s strengths, when overextended, become weaknesses or impediments to investing?
- In spite of women’s outperformance, surveys show that the general public believes men are better money managers. How can the financial industry begin to remedy this misunderstanding?
- Women, on average, are less confident in their ability to manage money than men. How can we narrow this confidence gap while still retaining women’s aptitude for care and research in investing?
- How can the financial services industry better meet the unique needs of women, both as investors and as clients?
Chau Lai - Becoming More Human
Chau Lai first found her passion for finance as an Economics Major at the University of California San Diego. At the advice of her professors to “invest early,” Chau pooled her savings to invest half and the rest independently at the age of 17. Real-world experiences and early childhood struggles taught Chau important lessons regarding building and preserving wealth. They inspired her to craft her own unique investing methodology and personally redefine the meaning of success. She established her business in June 1997. Since then, she has enjoyed working with accomplished business owners and their families to create legacy and help protect wealth for future generations. Her progressive mindset and strong work ethic provide focus and direction for her clients to help accomplish their financial goals with an emphasis on wellness and balance. Chau helps her clients find their true purpose for money and to redefine the meaning of success.
Tune in to hear:
- How to keep your clients grounded in the present while making space for dreaming about future possibilities?
- Some takeaways from someone who grew up with conflicting money scripts / parental examples
- Ways we can become self-aware of detrimental financial habits that we take for granted
- Should financial professionals be candid about their personal history and relationship to finance or might this hinder their ability to serve their clients’ interests?
- Are financial professionals trending towards a more holistic, personalized approach to wellness?
- Ways in which financial professionals can compete with machine learning and AI
Customer ReviewsSee All
Must Listen! Better then netflix!
Absolutely awesome! its always a delight listening to Dr Daniel Crosby; discuse behaviour finance, invetsment management, personal finance, etc. if you want a successful career in finance then you
need to be listening to Dr Daniel crosby!