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 Book

• Backgrounds of the three guests/authors
• Myths around needing advanced math or perfect data
• Ineffective meetings and group decision making

[10:50 - 22:42] - Key Decision Making Concepts

• Balancing intuition and data analysis
• Putting data in context and asking "What surprised you?"
• Powerful questions vs. technical analysis

[22:43 - 32:27] - Applying the Concepts

• Case studies using simple but effective techniques
• Contrast with traditional linear processes
• Immediate impact from students applying the techniques

[32:28 - 39:04] - Key Takeaways and Conclusion

• Ask questions, focus on the problem definition
• Data interrogation requires intuition and doubt
• Imperfect decisions are okay - adjust with new data
• Recapturing childlike curiosity in decisions

Key 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 Netzer

Connect 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)

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