Former CIA Officer Shares Tips on Detecting Deception in the Business World

In the world of investing, due diligence is often associated with analyzing financial statements and number crunching to gain a better understanding of a company’s potential. However, there is another aspect of due diligence that is often overlooked – the importance of interrogating senior executives and employees to determine the truth about a business. In this episode of Odd Lots, we speak with Phil ‘Dick’ Houston, a veteran CIA officer known as the human lie detector. Phil has authored a book on spotting lies and has worked closely with entrepreneur Brad Jacobs on due diligence for senior hires and potential investments.

During the episode, Phil shares his strategies for identifying deceptive behavior and explains how these tactics can be applied to the corporate world. By asking the right questions and observing nonverbal cues, Phil is able to uncover inconsistencies and falsehoods in people’s stories. His expertise in detecting lies has been invaluable to Brad Jacobs in making informed decisions about business ventures.

By listening to this episode of Odd Lots, listeners can gain valuable insights into the importance of thorough due diligence beyond just analyzing financial data. Phil’s expertise in spotting lies can help investors make more informed decisions and avoid potential pitfalls in the corporate world. Subscribe to the podcast on Apple Podcasts or Spotify to learn more about how to navigate the complexities of due diligence in investing.