The Psychology Behind Making Better Decisions with Global Financial Strategist Michael J. Mauboussin
Michael J. Mauboussin is an investment strategist and has been in the financial services industry for more than twenty-five years. He has also taught at the Columbia Graduate School of Business since 1993, and is on the board of trustees at the Santa Fe Institute.
He is the author of two previous books, Think Twice: Harnessing the Power of Counterintuition and More Than You Know: Finding Financial Wisdom in Unconventional Places and is coauthor, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns.
In this episode we explore the psychology behind making better decisions with Michael J. Mauboussin.
We discuss the following topics:
-The interconnectedness of knowledge across many different disciplines
-How to switch to the “outside view” to make better predictions and decisions
-How to improve your results without being any smarter or better trained
-A fascinating psychology study that demonstrates how we deceive ourselves
-The biggest biases that cause investors to make bad decisions (and how to combat them)
-Why the right tools aren’t enough to make you a successful investor