Motley Fool Money: 03.29.2013
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 26 March 2013
⏱️ 39 minutes
🧾️ Download transcript
Summary
On this week's show, we revisit two of our favorite interviews. We talk with Dan Ariely, author of The Honest Truth About Dishonesty. And former Gambino family associate Louis Ferrante talks about his book, Mob Rules: What the Mafia Can Teach the Legitimate Businessman.
Transcript
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:16.0 | From Fool Global Headquarters, this is Motley Fool Money. |
| 0:19.7 | Welcome to Motley Fool Money. I'm Chris Hill. |
| 0:21.9 | This week, two of my all-time favorite interviews. We'll get some career advice from a former |
| 0:26.5 | mobster a little later, but we start by talking about the business of lying. |
| 0:31.4 | Dan Airelli is a professor of psychology and behavioral economics at Duke University |
| 0:36.2 | and the author of two best-sellers, predictably irrational and the upside of irrationality. |
| 0:42.4 | His new book is The Honest Truth about dishonesty. How we lie to everyone, especially ourselves. |
| 0:48.4 | Dan, welcome back. |
| 0:49.9 | Oh, my pleasure. |
| 0:51.4 | So we're all liars? What is going on? |
| 0:54.2 | Wait, wait, not you, not you, other people, other people. |
| 0:57.4 | Oh, thank you, thank you. |
| 0:58.9 | So here is the question. I mean, you probably think of yourself as an honest, wonderful, caring |
| 1:03.8 | human being, right? No question about it. |
| 1:05.7 | No question. |
| 1:07.2 | But if you actually went ahead during a regular day and you counted how many times you lie, |
| 1:12.1 | what do you think that number would be? |
| 1:14.3 | I think it would be in a single digit. |
| 1:18.2 | Well, I recommend this experiment, but what is clear is that we lie a lot. |
| 1:23.2 | And what's interesting is that we lie a lot, and at the same time, we think of ourselves |
| 1:27.3 | as honest. |
... |
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