Dr. Daniel Crosby

I think if you get those three E's right, you're going to be well set up.

But I'll say two additional things in addition to those three E's.

I would say that in as much as behavior is sort of the foundational layer of all this making money that we've talked about today...

The process of getting to know yourself can't be divorced from the process of making money.

The process of going to therapy or reading books about why you do the things that you do, all of this is sort of hand in glove with this journey of achieving financial freedom.

So I think a lot of times people read books like mine and

And they go, oh, wow, like that's totally my wife or my, you know, my husband or my partner or that.

Yep.

My neighbor does that silly thing.

Really, we need to be, you know, sort of turning this back in on ourselves and realizing that

our own shortcomings, our own behavioral hangups.

And then the second thing I would tell folks, Morningstar did research a while back to try and pinpoint the number one predictor of a fund's performance.

And I bet almost no one will guess what it is.

Well, maybe your listeners are so dialed in that they'll get it.

The number one predictor was fee, right?

The

So the lower the cost, the better on average the fund tended to do.

So it wasn't things like the pedigree of the fund manager.

It wasn't things like last five years performance.

It wasn't the style of the fund.