Ditto for academic finance - so many sketchy results get advertised, and billions if not trillions of dollars get invested based on false or uncertain hypothese

Ditto for academic finance - so many sketchy results get advertised, and billions if not trillions of dollars get invested based on false or uncertain hypotheses... Sometimes I feel that 90% of my job is to be skeptical of all results, and convince managers not to do anything stupid - a sort of "first, do no harm" philosophy.