Douglas & Heather Boneparth - Money Together: Aligning Your Financial Stories and Goals

Clare Flynn Levy - Stock Market Maestros: The Winning Habits, Strategies and Mindsets of the World’s Best Investors

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 [https://www.linkedin.com/in/clareflynnlevy/] * Stock Market Maestros [https://www.amazon.com/Stock-Market-Maestros-strategies-investors/dp/1804091464] * Behavioral Alpha [https://www.behavioral-alpha.com/] * Essentia Analytics [https://www.essentia-analytics.com/] Connect with Us * Meet Dr. Daniel Crosby [https://orion.com/thought-leader/daniel-crosby] * Check Out All of Orion’s Podcasts [https://orion.com/resources-search?resource_type=podcasts] * Power Your Growth with Orion [https://orion.com/] 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

Douglas & Heather Boneparth - Money Together: Aligning Your Financial Stories and Goals

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 [https://domoneytogether.com/] * The Joint Account [https://www.readthejointaccount.com/] * Douglas Boneparth on LinkedIn [http://linkedin.com/in/douglasboneparth/] * Heather Boneparth on LinkedIn [https://www.linkedin.com/in/heather-boneparth-67533928/] Connect with Us * Meet Dr. Daniel Crosby [https://orion.com/thought-leader/daniel-crosby] * Check Out All of Orion’s Podcasts [https://orion.com/resources-search?resource_type=podcasts] * Power Your Growth with Orion [https://orion.com/] 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

Jamie Hopkins - Your Retirement Sketchbook

Tune in to hear: * Why is spending our own money so psychologically difficult and have we as an industry scared people into thinking that they can’t spend their money and enjoy their lives? How can we, as advisors, help spending stop feeling like a loss for people in retirement? * What are some practical tips for advisors and individuals to help them make the switch to spending thoughtfully in retirement? What structures or advice helps give individuals the peace of mind and permission to spend in retirement? * Why does Jamie use the metaphor of a sketchbook for retirement, instead of a blueprint, and how does this metaphor apply to how retirement unfolds in real life? * What does Jamie think folks could be doing to better prepare for the emotional component of retirement? * What’s the most surprising thing Jamie has learned about happiness in retirement that has nothing to do with money? * When it comes to the intersection of retirement and wellbeing, do high net worth individuals struggle differently or face unique challenges? * What is the “FIRE” movement and what does Jamie think it gets right and wrong? * If someone listening is 5 years from retirement, what is something non-financial that they should do to better prepare for what is to come? Links * Jamie Hopkins on X [https://x.com/RetirementRisks] * Jamie Hopkins on LinkedIn [https://www.linkedin.com/in/jamiehopkinsfinancialservices/] * Your Retirement Sketchbook [https://www.amazon.com/Your-Retirement-Sketchbook-Planning-Financial/dp/1804091952/ref=books_amazonstores_desktop_mfs_aufs_ap_sc_dsk_0?_encoding=UTF8&pd_rd_w=sdVJH&content-id=amzn1.sym.9c9a049f-252a-49d9-a8c2-e300a1663200&pf_rd_p=9c9a049f-252a-49d9-a8c2-e300a1663200&pf_rd_r=137-7506243-4635228&pd_rd_wg=Dtuew&pd_rd_r=ea596ca5-5594-49fe-b70d-c0ce4296b9d1] Connect with Us * Meet Dr. Daniel Crosby [https://orion.com/thought-leader/daniel-crosby] * Check Out All of Orion’s Podcasts [https://orion.com/resources-search?resource_type=podcasts] * Power Your Growth with Orion [https://orion.com/] 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: 1676-U-26153

Dr. Joseph Moore - How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn’t)

Tune in to hear: * After studying 300 years of history, what is Dr. Moore’s current view with respect to the American Dream? * Is it maybe simultaneously true that it’s easier to get ahead than ever for the average American, but that there is also rampant corruption and nepotism at a high level? * How does the current U.S. housing crisis compare in severity to those in our past? * What are some common misconceptions about what works and what doesn’t work when it comes to building wealth? * Why does Dr. Moore think of real estate as an active investment? * What was the conceptual shift that led us to start valuing net worth so much? * What lessons did Dr. Moore learn from creating his own cryptocurrency? * What are some of the other financial experiments that Dr. Moore undertook while writing his new book? * What distinction does Dr. Moore make between “fast time” and “slow time?” Links * Dr. Joseph Moore on LinkedIn [https://www.linkedin.com/in/joseph-moore-author/] * Dr. Joseph Moore on Twitter [https://x.com/drjoemoore] * How to Get Rich in American History (Book Pre-order) [https://www.amazon.com/dp/0063464586/keywords=business?tag=harpercollinsus-20] Connect with Us * Meet Dr. Daniel Crosby [https://orion.com/thought-leader/daniel-crosby] * Check Out All of Orion’s Podcasts [https://orion.com/resources-search?resource_type=podcasts] * Power Your Growth with Orion [https://orion.com/] Compliance Code: 1007-U-26086

Marla Sofer - AI and BeFi: Why Tech and Human First Advice Go Together

Tune in to hear: * Where do people consistently misperceive their own behaviors and their own financial tendencies? Also, what are the forces that drive those blindspots? * Why do so many financial planning tools optimize for all the wrong things and how can we make client services better center the client and their goals? * What are Marla’s hopes for the world of tech when it comes to minimizing the “knowing-doing gap?” * Do people need more financial literacy or self-literacy/self-awareness? * In the medium term, how does Marla see the role of the financial advisor changing with respect to AI? What’s the place of behavioral coaching in this new world? * How does Marla think about the “creep factor” in her own business and how can we see clients for who they are without overreaching? * What lessons, as an entrepreneur and business owner, has Marla learned from introspection about how to uplift herself after a hard day? Links * Marla Sofer on LinkedIn [https://www.linkedin.com/in/marlasofer/] * Knowing Me, Knowing You Podcast [https://podcasts.apple.com/us/podcast/knowing-me-knowing-you/id1798799321] * Knomee [https://www.knomee.com/] Connect with Us * Meet Dr. Daniel Crosby [https://orion.com/thought-leader/daniel-crosby] * Check Out All of Orion’s Podcasts [https://orion.com/resources-search?resource_type=podcasts] * Power Your Growth with Orion [https://orion.com/] Compliance Code: 1005-U-26086