Quotessence
Home / Quotes / Quote by Daniel Crosby

Quote by Daniel Crosby

“If irrational exuberance can bring about financial calamity, then it stands to reason that rational adherence to a set of rules can save our financial lives. It’s not a complex idea, but it’s one that can have profound implications for the personal and financial wellbeing of our families and even our nations. And it all begins with a focus on-you guessed it-ourselves.”

Quote by Daniel Crosby

Book:Personal Benchmark: Integrating Behavioral Finance and Investment Management
Create image

Work

Personal Benchmark: Integrating Behavioral Finance and Investment Management

Browse quotes and source details for this work. more

Author

Daniel Crosby

Browse famous quotes and profile details for Daniel Crosby. more

You May Also Like

“Pop quiz: What is the best predictor of the size of a retirement nest egg? What’s that you say, performance? Wrong! I’m sorry but the correct answer was “deferral rate,” but thanks for playing. The way that goals-based investing increases deferral rates (and thus, wallet share) is by couching investment in terms of personal meaning… Rather than speaking in sterile terms that rob wealth of its holistic meaning, use your goals as the benchmark and see how much easier saving becomes.”

HumorMoneyAdviceInvestingFinanceDecision MakingInvesting QuotesFinance QuotesBehavioral EconomicsBehavioral Finance
Book:Personal Benchmark: Integrating Behavioral Finance and Investment Management
Create image

“There are at least three significant reasons we resist contemplating our personal financial goals: it can be stress-inducing, we dislike numbers, it is socially taboo, and we are slaves to “right now.”

HumorMoneyAdviceInvestingFinanceDecision MakingInvesting QuotesFinance QuotesBehavioral EconomicsBehavioral Finance
Book:Personal Benchmark: Integrating Behavioral Finance and Investment Management
Create image

“Despite [the “talking heads” we revere] inability to outperform a dartboard, we continue to look to them and pay them exorbitant salaries. Why? Because they are bold. Surety is baseball, red meat, and the pioneer spirit. Doubt seems wimpy and “Continental.”

HumorMoneyAdviceInvestingFinanceDecision MakingInvesting QuotesFinance QuotesBehavioral EconomicsBehavioral Finance
Book:Personal Benchmark: Integrating Behavioral Finance and Investment Management
Create image

“Given the complexity of life, the enormity of the decisions we are called upon to make, and most peoples’ unfamiliarity with financial principles, it is much less a question of whether people will simplify the information they process and recall and more a question of how they will simplify.”

HumorMoneyAdviceInvestingFinanceDecision MakingInvesting QuotesFinance QuotesBehavioral EconomicsBehavioral Finance
Book:Personal Benchmark: Integrating Behavioral Finance and Investment Management
Create image

“It is an ignorant place, except as to the townspeople, artisans, drunkards, and paupers, she said, perverse still at his differing from her. They see life as it is, of course; but few of the people in the colleges do. You prove it in your own person. You are one of the very men Christminster was intended for when the colleges were founded; a man with a passion for learning, but no money, or opportunities, or friends. But you were elbowed off the pavement by the millionaires' sons.”

RealityMoneyEducationEquality
Book:Jude the Obscure
Create image