Support the channel by getting The Behavioral Investor by Daniel Crosby here: https://amzn.to/32qT0kq

As an Amazon Associate I earn from qualified purchases.

This is an animated video summary of the most important takeaways from Daniel Crosby’s The Behavioral Investor, a 2018 book taking a modern approach behavioral investing.

Learn how to pick your first stocks: http://bit.ly/37xT2JR

Top 5 takeaways:
00:00 Intro
00:27 1. 4 Behavioral Risks Crushing Your Investment Returns
04:02 2. How to Manage the 4 Behavioral Risks
09:05 3. How to Design a Winning Rule-Based System
11:26 4. Why Value Investing Works
13:17 5. Why Momentum Investing Works

TL;DW:
- To become a great investor, you must learn to suppress your ego, avoid conservatism in your stock pickings, paying more attention to numbers than stories and that no good investments are made under powerful emotional influence
- Cope with ego by spreading your money across at least a few different stocks, conservatism by flipping the script and asking, “why not?”, instead of “why?”, attention by playing the odds and emotions by automating and learning to recognize your emotions.
- A winning rule-based stock picking system should have empirical support, theoretical support and (some) psychological pain attached to it
- Value investing a la Warren Buffett and Benjamin Graham fulfills these criteria
- Momentum investing also fulfills all of the criteria for a winning rule-based stock picking system

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.