July 23, 2018· 34 min

Why Understanding Financial Fraud Is The Secret To Understanding Business

Dan Davies

Orality

Model

86%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,302 words)

M:29%

HostJoe Weisenthal(926 words)

M:29%

GuestDan Davies(3,049 words)

M:28%

Oral Indicators

Agonistic42%

incredible, very, obviously

Engagement59%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

fraud (47x), about (36x), it's (36x)

Parallelism96%

And I'm Tracy Alloway...., But we are going to be talking..., And figures them out and under...

Sound Patterns46%

26 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases11%

at the end of the day, i mean, the thing is

Literate Indicators

Hedging13%

could, quite, maybe

Passive Voice10%

were called, been convicted, was linked

Abstract Nouns21%

investment, equity, quality

Subordination11%

because, though, although

Sentence Length52%

Avg: 18.1 words/sentence

Word Complexity48%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style41%

333 personal pronouns found

Descriptive Style100%

really, exactly, actually

Description

If you want to understand how the human body works, you can't just look at healthy humans. You need to examine the ill, so you can see how the body breaks down and where its weak spots are. And so if you want to understand how business works, it makes sense to look at financial fraud. After all, financial fraudsters work by getting to know a business really well, in order to take advantage of how it operates. That's the gist of our discussion this week with Dan Davies, the author of "Lying for Money: How Legendary Frauds Reveal the Workings of Our World." In our conversation, Davies shares with us his favorite fraud of all time, what all frauds have in common, and what people can do to avoid them. See omnystudio.com/listener for privacy information.

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