In the world of business and finance, due diligence is a crucial process that helps investors make informed decisions. While most people envision this as a time for analyzing numbers and financial statements, it’s important to remember that questioning and interrogating senior executives and employees is also a key part of the due diligence process. This episode of Odd Lots highlights the importance of this often overlooked aspect of due diligence with an interview with Phil ‘Dick’ Houston, a seasoned CIA officer known for his expertise in detecting lies.
Houston has authored a book on the subject and has worked closely with entrepreneur Brad Jacobs, assisting in due diligence processes for senior hires and potential investments. During our conversation with Phil, he shares his insights into how to identify deceptive behavior and how this methodology can be applied in the corporate world. His extensive experience and unique perspective shed light on the importance of asking the right questions and challenging assumptions during due diligence.
By learning how to spot lies and uncover hidden truths, investors and business leaders can make more informed decisions and avoid potential pitfalls. If you’re interested in learning more about Phil Houston’s strategies for detecting deception and how they can be utilized in business and finance, be sure to listen to this episode of Odd Lots on Apple Podcasts or Spotify. Don’t forget to subscribe to the Odd Lots newsletter for additional insights and updates on future episodes.