An Ex-CIA Officer Explains How to Spot a Lie in Business
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 26 April 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
When most investors think of due diligence, they think of sifting through years of financial statements and crunching numbers to better understand a company's potential. Not many people think about interrogating senior executives and employees, and asking the right questions to figure out whether they're telling the truth about the business model. In this episode, we speak with Phil 'Dick' Houston, a veteran CIA officer who's been called the human lie detector. Phil literally wrote the book on how to spot lies, and has been a long-time collaborator of entrepreneur and serial acquirer Brad Jacobs, helping him with due diligence on both senior hires and potential investments. In this episode, Phil explains his strategy for identifying deceptive behavior and how it can be applied to the corporate world.
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Transcript
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| 0:00.0 | What's on the horizon for financial markets? |
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| 0:23.0 | Pursue your tomorrow with P Jim, a leading global asset manager. |
| 0:28.0 | Hey there, it's Joe Wiesenthal, and Tracy Allawayaway and we are the co-hosts of the |
| 0:34.2 | Odd Lots podcast and we want to tell you about a new podcast here at |
| 0:37.5 | Bloomberg we're really excited about money stuff the podcast that's right friend |
| 0:42.2 | of the pod Matt Levine is teaming up with our |
| 0:45.1 | other friend and Bloomberg TV host Katie Gryfeld to bring the money stuff |
| 0:49.2 | newsletter to life. Every Friday Matt and Katie will dive into all the Wall Street finance and other things that |
| 0:56.1 | make Matt's newsletter such a hit. |
| 0:58.3 | You can listen to Money Stuff the Podcast on Apple Podcast, Spotify, or wherever you get your podcast. Hello and I'm Joe Wiesh and I'm Joe Wiesn't all. |
| 1:14.0 | I'm Tracy Allaway. |
| 1:19.0 | And I'm Joe Wieshintall. |
| 1:20.0 | Joe, I'm kind of nervous about this episode I am to this about 15 minutes ago the same |
| 1:27.4 | thought flashed through my mind I too am a little nervous about this episode believe |
| 1:32.1 | it or not we do some preparation |
| 1:34.4 | for our episodes, although maybe it doesn't always show. |
| 1:37.1 | This particular episode, I haven't done a lot of reading |
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