Michael J. Mauboussin

In Think Twice, a groundbreaking work by leading financial strategist Michael J. Mauboussin, readers are given a deep dive into the hidden mechanisms of decision-making. By uncovering the familiar cognitive traps that often plague our judgment, Mauboussin equips us with the knowledge to approach complex problems more effectively. This compelling paperback edition is designed for anyone looking to sharpen their...

What role, exactly, do skill and luck play in our successes and failures? Some games, like roulette and the lottery, are pure luck. Others, like chess, exist at the other end of the spectrum, relying almost wholly on the skill of the players. But in every other domain—from business, to investing, to sports—skill and luck seem almost hopelessly entangled. In...

Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this...

Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value. Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial...