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When it comes to investing, you\\u2019ve probably heard the phrase, \\u2018Buy what you know.\\u2019 Do you believe it? I\\u2019m asking because today\\u2019s guest believes that is \\u201cprofoundly dumb advice.\\u201d\\xa0

II think that\\u2019s sort of good advice..."Buy what you know!" " Don\\u2019t get into something you know nothing about!" (ehem bitcoin). But today\\u2019s guest, Dr. Daniel Crosby, a New York Times bestselling author, psychologist, behavioral finance expert and asset manager, thinks that is not sound advice.

Daniel was last on the my show, you might remember on Episode 453 about two years ago. He\\u2019s back with a new book called the Behavioral Investor and in it, he examines the sociological, neurological and psychological factors that influence our investment choices. He believes that we should first understand human nature and our own tendencies before making investment decisions.

A little bit more about Daniel: He\\u2019s a sought after expert, frequent speaker and he was named one of Investment News\\u2019 40 Under 40 and also, a "Financial Blogger You Should Be Reading," by AARP.

In this interview we\\u2019ll learn:

Daniel\\u2019s philosophies around how to invest wellHow to curb our emotions andHow greedy are we this month? Daniel publishes an Irrationality Index, a measure of how much greed and fear is in the marketplace month to month. Learn more about Daniel Crosby at\\xa0NocturneCapital.com and follow him on Twitter @DanielCrosby.

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