Michael Mauboussin
80 posts
- Michael Mauboussin: All Roads Lead to Capital AllocationIn his recent conversation with Fortuna Advisors, Michael Mauboussin the legendary strategist and author broke down the foundations of value creation with the clarity and precis…
Michael Mauboussin: The Hard Truth About DrawdownsLet’s cut to the chase: if you can’t stomach big drawdowns, you shouldn’t be investing in stocks. As Michael Mauboussin and Dan Callahan put it in their latest Morgan Stanley re…
Michael Mauboussin: It’s The Size Of Your Winners, Not The NumberIn his book – More Than You Know, Michael Mauboussin explains that in probabilistic endeavors, such as investing, the frequency of being right is less important than the magnitu…
Michael Mauboussin: Modern Value Investing Strategies: Buying Low ExpectationsDuring his recent interview on the Meb Faber Podcast, Michael Mauboussin discusses modern value investing, emphasizing the importance of buying assets for less than their intrin…
Michael Mauboussin: AI: We’re In The Early Stages of Tech AdoptionIn his latest interview with Bill Gurley on the Invest Like The Best Podcast, Michael Mauboussin outlines a typical pattern in how companies adopt new technologies. Initially, t…
Michael Mauboussin: Trusting Your Hunches: Beware the Hidden Traps of Pattern RecognitionIn this interview with Capital Allocators, Michael Mauboussin explains that while pattern recognition is natural, it’s crucial to be aware of our biases and apply it cautiously …
Michael Mauboussin: Investing Beyond Probability: The Power of Expected ValueIn his paper titled The Babe Ruth Effect, Michael Mauboussin discusses expected value vs probability. He cites Nassim Taleb who predicted a 70% chance the market will go up slig…
Michael Mauboussin: How Stress Clouds Your Investment Judgment (and How to Fix It)In this interview with Morgan Stanley, Michael Mauboussin discusses a number of ways to take the emotion out of investing decisions. He explains how stress affects decision-maki…
Michael Mauboussin: Beyond Market Efficiency: Diversity, Incentives, and the “Wisdom of Crowds”In his recent interview with Bloomberg, Michael Mauboussin compares market efficiency to a “wisdom of crowds” phenomenon, where diverse perspectives, information aggregation, an…
Michael Mauboussin: Independent vs. Cumulative Luck: How Both Influence Your Investment JourneyDuring this interview with MIB, Michael Mauboussin argues that most successful investors acknowledge the role of luck in their achievements. He cites a study that found that suc…
Michael Mauboussin: The Emotional Toll of Investing in Superstar Companies: Can You Handle the Drawdowns?During his recent interview on the Money Maze Podcast, Michael Mauboussin discussed the qualities of superstar companies and the challenges of finding them. He noted that many o…
Michael Mauboussin: Investors Should Always Compare Opportunities With Appropriate ReferencesDuring his recent interview with Tim Ferriss, Michael Mauboussin explained why investors should always consider comparing opportunities with appropriate references. Here’s an ex…
Michael Mauboussin: Investors Should Focus On Those Things That They Can ControlIn this interview with Trend Following Radio, Michael Mauboussin discusses why investors should focus on those things that they can control. Here’s an excerpt from the interview…
Michael Mauboussin: How To Use A ‘Value Stick’ FrameworkIn this interview with Invest Like The Best, Michael Mauboussin explains how to use a ‘value stick’ framework. Here’s an excerpt from the interview: Mauboussin: Imagine a vertic…
Michael Mauboussin: 5 Principles Of Good Capital AllocationIn his latest paper titled – Capital Allocation – Results, Analysis, and Assessment, Michael Mauboussin discusses five principles of good capital allocation that can be used as …- Michael Mauboussin: How To Build Your Investment ProcessDuring his recent interview on the 20VC Podcast, Michael Mauboussin explained how to build your investment process. Here’s an excerpt from the interview: Mauboussin: One thing I…
- Michael Mauboussin: Look For Businesses That Have ‘Option Value’In his recent interview with Motley Fool Money, Michael Mauboussin explains why investors should look for businesses that have ‘option value’. Here’s an excerpt from the intervi…
- Michael Mauboussin: Investors Must Look Past Simple Measures Of Profits To Understand A Business’s True Ability To Create ValueIn his latest paper titled – Good Losses, Bad Losses, Michael Mauboussin explains why investors must look past simple measures of profits to understand a business’s true ability…