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Motley Fool Hidden Gems Investing

The Business of Lying

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 22 July 2016

⏱️ 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode of Motley Fool Money is brought to you by Rocket Mortgage by Quicken Loans.

0:03.9

Rocket Mortgage brings the mortgage process into the 21st century with a fast, easy and

0:08.2

completely online process.

0:09.9

Check out Rocket Mortgage today at QuickenLones.com-fool.

0:13.6

Everybody needs money.

0:20.6

That's why they call it money.

0:29.6

From Fool Global Headquarters, this is Motley Fool Money.

0:33.0

Welcome to Motley Fool Money.

0:34.2

I'm Chris Hill.

0:35.2

This week, two of my all-time favorite interviews.

0:37.6

We'll get some career advice from a former mobster a little later, but we start by talking

0:42.6

about the business of Lyre.

0:44.6

Dan Airelli is a professor of psychology and behavioral economics at Duke University

0:49.7

and the author of two bestsellers, predictably irrational and the upside of irrationality.

0:56.0

His new book is The Honest Truth about dishonesty.

0:58.7

How we lie to everyone, especially ourselves.

1:01.9

Dan, welcome back.

1:03.2

Oh, my pleasure.

1:04.9

So we're all liars?

1:06.9

What is going on?

1:07.9

Wait, wait.

1:08.9

Not you.

...

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