Tune in to hear:

• Why did the writing of Peter’s new book end in his family getting a new puppy?
• Why does Peter believe that the perfect portfolio is the one that best suits the particular individual who owns it? Why does he think portfolio construction should be centered around human behavior instead of what is mathematically optimal?
• What are some of the most effective guardrails advisors can implement in portfolios to protect against the detrimental effect loss aversion can have on investor behavior?
• Why does Peter describe attention itself as an investment risk factor in his new book? Also, what is to be done about this from a practical standpoint?
• Does Peter have any thoughts, tips or tricks for getting investors to avoid confirmation bias more often?
• Why is our brain so eager to turn our most recent experiences into a forecast about the future and how does Peter handle this with the clients he serves?
• If people could make one financial change after reading Peter’s book, what would he hope that change would be?

Links

• Peter Lazaroff on LinkedIn
• Plancorp Wealth Management
• The Perfect Portfolio (Book)
• Making Money Simple (Book)
• The Long Term Investor (Podcast)

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 252​-U-26243

Tune in to hear:

• What did Betterment’s 2026 Retail Investor Survey uncover about Gen Z investors and sports betting and why is this finding so significant?
• Do Gen Z’s financial prospects look more promising than Gen X and the millennials, according to the data? Are they more or less likely to contribute to workplace retirement programs?
• Why is the dopamine hit of sports betting, and similar “financial entertainment,” so psychologically powerful? Also, why are variable reward schedules such strong reinforcers of behavior?
• How do the psychological principles of recency bias, near-miss effects, social proof and loss chasing reinforce the addictiveness of gambling?
• What are the important distinctions between an investor, a trader, a speculator and a gambler? What are the different questions each of these individuals are asking?
• Why is the gamification of investing so detrimental to investor performance?
• What are some effective ways advisors can start a healthy discourse around risky investment behaviors, like sports betting or day trading?

Links

• The Soul of Wealth

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 2501-U-26243

Tune in to hear:

• What did Ryan see about the way people were managing private investments that made him think his company Arch needed to exist?
• How does Ryan think the constant feedback and news around public markets affects investors and can the relative quiet of private markets give us a different experience from a behavioral perspective?
• What can the longer time horizon of private markets teach us about patience, conviction, how to invest and delayed gratification?
• For investors who rely exclusively on public markets, what sorts of exposure might they be missing from their portfolio? What role should private markets play in filling these potential gaps in exposure?
• What are Ryan’s thoughts around who should have access to private markets?
• What role can tech play in making private market investing more equitable?
• Does the Arch diligence tool ever tell investors to run far away from certain investments?
• Should the technique used to vet private companies differ in a meaningful way from the way investors and advisors vet public companies?
• Do some of the constraints around investing in private companies (e.g. the project just beginning to break ground) lead to more optimal or suboptimal investor behavior?
• What is Ryan’s prediction for the future of private markets?
• What is something that someone has done for Ryan, or something that he has experienced, that has fundamentally changed how he thinks about showing up for the people around him?

Links

• Ryan Eisenman on LinkedIn
• Ryan Eisenman on Twitter
• Arch

Connect with Us

• Meet Dr. Daniel Crosby
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosures:

These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

Compliance Code: 2522-U-26243