459: Professor of Finance at London Business School, Alex Edmans, on Facts, Data, and Evidence: Knowing What to Trust or Can We Really Trust Evidence?

Welcome to Strategy Skills episode 459, featuring an interview with the author of May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases―And What We Can Do about It, Alex Edmans. In this book, renowned economist Alex Edmans teaches us how to separate fact from fiction. Using colorful examples, he highlights the biases that cause us to mistake statements for facts, facts for data, data for evidence, and evidence for proof.   Alex Edmans is Professor of Finance at London Business School and an expert in the use and misuse of data and evidence. He has given the TED talk What to Trust in a Post-Truth World with 2 million views, spoken at the World Economic Forum in Davos, and testified in the UK Parliament.   Alex served as Managing Editor of the Review of Finance, the leading academic finance journal in Europe. He has written for the Wall Street Journal, Financial Times, and Harvard Business Review, and been interviewed by Bloomberg, BBC, CNBC, CNN, ESPN, Fox, ITV, NPR, Reuters, Sky News, and Sky Sports. He was previously a tenured professor at Wharton and an investment banker at Morgan Stanley.   Alex’s first book, Grow the Pie: How Great Companies Deliver Both Purpose and Profit, was featured in the Financial Times Best Business Books of 2020 and has been translated into nine languages. Alex was named Professor of the Year by Poets & Quants in 2021 and won 25 teaching awards at LBS and Wharton. Alex has a BA from Oxford and a PhD from MIT as a Fulbright Scholar, and is a Fellow of the Academy of Social Sciences.   Get May Contain Lies here: https://maycontainlies.com/ Learn more about Alex Edmans here: https://alexedmans.com/   Here are some free gifts for you:  Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo