474- Bad Blood
Do you ever find yourself in the process of research and realize that you\u2019re only looking for information that supports your hunches?\xa0That\u2019s confirmation bias, and it\u2019s a trap that value investors must learn to dodge as they investigate the next business to buy into.\n\nWith billions of dollars on the line at times, there\u2019s no limit to what some people will do to see their companies achieve success, regardless of the ethics involved.\xa0Therefore, one of the best tools we can have in our toolbox is knowing how to spot red flags and steer clear of the deception and fraud that can fool even the savviest investor.\n\nIn this week\u2019s episode, Phil and Danielle tell us how \u201cbeing a reporter for your own newspaper\u201d is not only among the more interesting aspects of investing, but why it can safeguard your portfolio and avoid costly missteps.\n\nTo know exactly where to start when researching companies to invest in, don\u2019t miss out on your free copy of Phil\u2019s Value Investing Cheat Sheet:\xa0https://bit.ly/3QeCCje\n\nTopics Discussed:\n\nOliver White\n\nConfirmation bias\n\nTerrence Howard\u2019s questionable math\n\nPeer review\n\nScuttlebutt investing\n\nTheranos\n\n\nResources Discussed:\nBad Blood: Secrets and Lies in a Silicon Valley Startup\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices