Psychologist Daniel Crosby, Chief Behavioral Officer at Orion and host of the podcast Standard Deviations, calls sports betting “financial crack” and explains why confusing it with investing can be so costly.

But sports betting is just one part of a conversation that starts in Huntsville, Alabama, where his dad got a job as a stockbroker the day he was born. He talks with Chris Hill about:

• What a neighbor told him to do on Black Monday, when he was 7 years old

• Why a school form made him ask his parents, “Are we poor?”

• The therapy client who became the tipping point in his decision to leave clinical psychology

• How a house that doubled in value became “the dumbest thing” he’s ever done

  
  Check out the updated version of Daniel's latest book The Behavioral Investor.