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Business Without Bullsh-t

Sometimes You Can Have Too Much Diversity

Apr 23, 2025
01:19:22

EP 381 - This week we talk to Alex Edmans about how you make decisions in a world full of misinformation. Alex is a Professor of Finance who has written and spoken extensively about subjects such as ESG (why those three letters don’t belong together) and why cognitive, rather than demographic diversity is a better indicator of business success.

He’s managed to do all that without getting cancelled, because his findings and talking points are guided by objective data rather than opinion. Though we do discuss how data itself can be misleading.

So if you want to know why too much diversity can be a bad thing, then dive in.

*For Apple Podcast chapters, access them from the menu in the bottom right corner of your player*

Spotify Video Chapters:

00:00 BWB with Alex Edmans

01:15 Synopsis

02:07 Meet Alex - Professor of Finance

03:54 Challenges in Assessing Cognitive Diversity

08:08 The Role of Academics in Real-World Impact

18:00 Confirmation Bias and Its Impact on Decision Making

30:36 The Nuances of Diversity and Inclusion

35:22 The Evolution and Challenges of ESG Reporting

39:20 The Burden of Reporting

40:31 The Problem with Standardised Metrics

42:16 Regulation vs. Market Demand

43:21 SMEs and Purpose-Driven Business

44:52 The Complexity of ESG

48:29 Governance: A Historical Accident

01:11:40 The Importance of Financial Literacy

01:13:22 Quickfire - Get to Know Alex

01:17:50 Wrap Up

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