Photo: Getty Images/iStockphotoInvestment professionals are so poor at distinguishing truth-tellers from liars that they might as well flip a coin, according to a recent test designed by faculty of the John Jay College of Criminal Justice in New York. And the consequences of failure by financial analysts to detect deception, the study notes, can amount to billions of dollars in losses for investors. Use the player below or click on the link to listen to an interview with WSJ contributor Deborah Gage about how we can all learn to better tell truth from fiction. And you can read her piece here. You can subscribe to the Journal Report podcast at wsj.com, on iTunes or Google Play Music.

Source: Wall Street Journal April 25, 2017 19:52 UTC