Michael Mauboussin – Active Asset Management

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 Investingwhich is mercifully now available on kindle.

Notes From Schwarzman, Sternlicht, Robert Smith, Mary Callahan Erdoes, Joseph Tsai And Much More From The 2020 Delivering Alpha Conference

Stephen SchwarzmanThe following are rough notes of Stephen Schwarzman, Steve Mnuchin, and Barry Sternlicht's interview from our coverage of the 2020 CNBC Institutional Investor Delivering Alpha Conference. We are posting much more over the next few hours stay tuned. Q2 2020 hedge fund letters, conferences and more One of the most influential investor conferences every year, Read More


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Michael Mauboussin

Books & Resources Mentioned in this Conversation

New Mauboussin Paper: Capital Allocation – Updated Evidence, Analytical Methods, and Assessment Guidance

Freestyle Chess

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