Michael Mauboussin – Active Asset Management [invest Like The Best, EP.02]via The Investor’s Field Guide
In this episode, Michael Mauboussin and I discuss everything about asset management: the state of the industry, the active investment process, and Michael’s simple but genius “input/output” method for daily life. This is a full seminar on asset management. It was an awesome conversation.
Be sure to check out all of Michael’s research and his four books, which are linked below. I especially enjoyed his book Expectations Investing, which is mercifully now available on kindle.
If you are not already, subscribe to Invest Like the Best here:
Books & Resources Mentioned in this Conversation
Reflections on the Ten Attributes of Great Investors (this is a must-read paper by Mauboussin)
(1:31) Contrarian Investment Strategies – David Dreman
(1:38) Expectations Investing – Alfred Rappaport and Michael Mauboussin
(7:05) The Nature of Value : How to Invest in the Adaptive Economy – Nick Gogerty
(16:33) Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor – Seth Klarman
(26:39) – Creating Shareholder Value: A Guide for Managers and Investors – Al Rappaport
(54:58) – The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success – William Thorndike
(1:08:18) – Beat the Dealer: A Winning Strategy for the Game of Twenty-One – Ed Thorpe
(1:30:04) – Thinking, Fast and Slow – Daniel Kahneman
(1:31:42) – The Story of the Human Body: Evolution, Health, and Disease – Daniel Lieberman
See Transcript here Aabd nire The Investor’s Field Guide