• SWEETSPOT SAFARI #18 /|\ numbers and nonsense w/Luke Morris

  • Jun 3 2024
  • Length: 1 hr and 3 mins
  • Podcast

SWEETSPOT SAFARI #18 /|\ numbers and nonsense w/Luke Morris

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  • Summary

  • In this episode our guest explorer is Luke Morris who is a Corporate Finance Partner at an accounting firm. Luke explains that he has always been interested in numbers and data from the days of being a child, then on to being a physics graduate. We explore where it makes sense to use numbers, where it doesn't and the misinterpretation of data in both life and business. He guides us through rational approaches vs the irrational approaches to data, and when he faces making judgements with complex systems he always goes back to the top of the pyramid with first principles, and starts with hard irrefutable facts, like cash flow in a financial statement. We explored several trade-offs and tensions on our hunt for sweet spots including information vs relevance, historical data vs predictive data, system 1 vs system 2 processing, insight vs deception and AI pattern recognition vs human judgement.
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