Combining Intuition and Information to Make Better Investment Decisions

In this episode, Brian Adams speaks with Christopher Frank, Oded Netzer, and Paul Magnone, authors of the book Decisions Over Decimals. They discuss how to make better business decisions by focusing on effective problem framing, interrogating data with context and intuition, and communicating insights clearly. The guests explain why relying solely on data and analysis often leads to poor decisions, and share principles and techniques for developing "quantitative intuition."[00:00 - 10:49] - Introducing the Guests and Motivation Behind Their BookBackgrounds of the three guests/authorsMyths around needing advanced math or perfect dataIneffective meetings and group decision making[10:50 - 22:42] - Key Decision Making ConceptsBalancing intuition and data analysisPutting data in context and asking "What surprised you?"Powerful questions vs. technical analysis[22:43 - 32:27] - Applying the ConceptsCase studies using simple but effective techniquesContrast with traditional linear processesImmediate impact from students applying the techniques[32:28 - 39:04] - Key Takeaways and ConclusionAsk questions, focus on the problem definitionData interrogation requires intuition and doubtImperfect decisions are okay - adjust with new dataRecapturing childlike curiosity in decisionsKey Quote:"The bad news is you don't get to decide whether you make decisions with data. It's reality. The good news is you don't need to be top of class in math in order to make these decisions." - Oded NetzerConnect with Christopher, Oded, and Paul!Website: https://www.dodthebook.com/Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.