meta_pixel
Tapesearch Logo
Log in
Motley Fool Hidden Gems Investing

Mob Rules and Honest Truth

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 25 August 2017

⏱️ 40 minutes

🧾️ Download transcript

Summary

On this week's show, we revisit two of our favorite interviews. Behavioral economist Dan Ariely, author of The Honest Truth about Dishonesty, talks about the business of lying. And former mobster Louis Ferrante talks about his book, Mob Rules: What the Mafia Can Teach the Legitimate Businessman. Thanks to Harry’s for supporting The Motley Fool. Get your Free Trial Set – go to Harrys.com/Fool Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Thanks to Harry's for supporting this episode of Motley Fool Money. Get your free trial set,

0:04.0

including a razor handle, five blade cartridge and shave gel. Just go to Harry's.com slash Fool.

0:10.2

And support from Motley Fool Money also comes from our friends at Rocket Mortgage by

0:13.4

Quick & Loans. Home plays a big role in your life. That's why Quick & Loans created Rocket Mortgage.

0:19.0

It lets you apply simply and understand the entire mortgage process fully. So you can be confident

0:24.2

you're getting the right mortgage for you. To get started, go to Rocket Mortgage.com slash Fool.

0:33.6

Everybody needs money. That's why they call it money.

0:44.9

From Fool Global Headquarters, this is Motley Fool Money. Welcome to Motley Fool Money. I'm Chris

0:50.1

Hill. This week, two of my all-time favorite interviews. We'll get some career advice from a former

0:55.4

mobster a little later, but we start by talking about the business of Lyon. Dan Airelli is a

1:01.4

professor of psychology and behavioral economics at Duke University and the author of two best

1:06.7

sellers, predictably irrational and the upside of irrationality. His new book is The Honest Truth

1:13.1

about dishonesty. How we lie to everyone, especially ourselves. Dan, welcome back.

1:18.7

Oh, my pleasure. So we're all liars? What is going on? Wait, wait, not you. Not you.

1:25.2

Not the people. Other people. Oh, thank you. So he was there the question. I mean, you probably

1:30.4

think of yourself as an honest, wonderful caring human being, right? No question about it.

1:34.5

No question. But if you actually went ahead during a regular day and you counted how many times

1:39.9

you lie, what do you think that number would be? I think it would be in a single digit.

1:47.1

Well, I recommend this experiment, but what is clear is that we lie a lot. And what's interesting

1:52.7

is that we lie a lot and at the same time, we think of ourselves as honest. Now, in Japanese,

1:58.6

there's a term, there's a term for internal truth, the real truth, and there's a term for the truth

2:03.7

we tell other people. And not just for Japanese, we all have this. We all have something that we

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.