Michael Mauboussin

Books Recommended By

Michael Mauboussin

Michael J. Mauboussin is Head of Consilient Research at Counterpoint Global. Previously, he was Director of Research at BlueMountain Capital and Head of Global Financial Strategies at Credit Suisse, where he advised clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making.
Recommended Books
Written Books
The Smartest Guys In The Room

The Smartest Guys In The Room

Bethany McLean

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Deep Survival: Who Lives, Who Dies, and Why

Deep Survival: Who Lives, Who Dies, and Why

Laurence Gonzales

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Superforecasting: The Art and Science of Prediction

Superforecasting: The Art and Science of Prediction

Philip Tetlock

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She Has Her Mother's Laugh

She Has Her Mother's Laugh

Carl Zimmer

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Enlightenment Now: The Case for Reason, Science, Humanism, and Progress

Enlightenment Now: The Case for Reason, Science, Humanism, and Progress

Steven Pinker

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Complexity: The Emerging Science at the Edge of Order and Chaos

Complexity: The Emerging Science at the Edge of Order and Chaos

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Infinite Powers

Infinite Powers

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More Heat Than Light

More Heat Than Light

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To Sell is Human: The Surprising Truth about Moving Others

To Sell is Human: The Surprising Truth about Moving Others

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The Psychology of Intelligence Analysis

The Psychology of Intelligence Analysis

Richard Heuer

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Michael Mauboussin: "A great book"

The Ambiguities of Experience

The Ambiguities of Experience

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The Diversity Bonus: How Great Teams Pay Off in the Knowledge Economy

The Diversity Bonus: How Great Teams Pay Off in the Knowledge Economy

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Artificial Intelligence: A Guide for Thinking Humans

Artificial Intelligence: A Guide for Thinking Humans

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Judgment in Managerial Decision Making

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Confessions of a Pricing Man

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A History of the Theory of Investments

A History of the Theory of Investments

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Knowledge and The Wealth of Nations

Knowledge and The Wealth of Nations

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Every Shot Counts

Every Shot Counts

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Judgment in Managerial Decision Making

Judgment in Managerial Decision Making

Max Bazerman

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Three Blind Mice

Three Blind Mice

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Understanding Michael Porter: The Essential Guide to Competition and Strategy

Understanding Michael Porter: The Essential Guide to Competition and Strategy

Joan Magretta

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Trading Bases

Trading Bases

Joe Peta

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Michael Mauboussin: "GREAT read"

Gridiron Genius

Gridiron Genius

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The Success Equation

The Success Equation

Michael Mauboussin

“Much of what we experience in life results from a combination of skill and luck.” — From the Introduction.

The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each—and how we can learn to tell the difference ahead of time.

In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives—yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions.

In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions.

Think Twice: Harnessing the Power of Counterintuition

Think Twice: Harnessing the Power of Counterintuition

Michael Mauboussin

No matter your field, industry, or specialty, as a leader you make a series of crucial decisions every single day. And the harsh truth is that the majority of decisions—no matter how good the intentions behind them—are mismanaged, resulting in a huge toll on organizations, the people they employ, and even the people they serve.

So why is it so hard to make sound decisions? In Think Twice, now in paperback, Michael Mauboussin argues that we often fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive errors are preventable.

In this engaging book, Mauboussin shows us how to recognize and avoid common mental missteps. These include misunderstanding cause-and-effect linkages, not considering enough alternative possibilities in making a decision, and relying too much on experts.

Through vivid stories, the author presents memorable rules for avoiding each error and explains how to recognize when you should “think twice”—questioning your reasoning and adopting decision-making strategies that are far more effective, even if they seem counterintuitive. Armed with this awareness, you'll soon begin making sounder judgment calls that benefit (rather than hurt) your organization.

More Than You Know

More Than You Know

Michael Mauboussin

Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines.

Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology.

He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition, Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, and explains what these topics tell us about smart investing.

More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts-Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory-and he includes substantial references for further reading. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.

Expectations Investing

Expectations Investing

Michael Mauboussin

Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully.

And they add an important twist: they suggest that rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company's stock price. An investor who has a fix on the market's expectations can then assess the likelihood of expectations revisions.

To help investors anticipate such revisions, Rappaport and Mauboussin introduce an "expectations infrastructure" framework for tracing the process of value creation from the basic economic forces that shape a company's performance to the resulting impact on sales, costs, and investment.

Investors who use Expectations Investing will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Managers will be able to use the book to devise, adjust, and communicate their company's strategy in light of shareholder expectations.

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