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
volume is more than ever the best chance to know more than the average
investor.
Offering invaluable tools to better understand the concepts of choice
and risk, More Than You Know is a unique blend of practical advice and
sound theory, sampling from a wide variety of sources and disciplines.
Mauboussin builds on the ideas of visionaries, including Warren Buffett
and E. O. Wilson, but also finds wisdom in a broad and deep range of
fields, such as casino gambling, horse racing, psychology, and
evolutionary biology. He analyzes the strategies of poker experts David
Sklansky and Puggy Pearson and pinpoints parallels between mate
selection in guppies and stock market booms. For this edition,
Mauboussin includes fresh thoughts on human cognition, management
assessment, game theory, the role of intuition, and the mechanisms
driving the market's mood swings, and explains what these topics tell us
about smart investing.
More Than You Know is written with the professional investor in mind
but extends far beyond the world of economics and finance. Mauboussin
groups his essays into four parts-Investment Philosophy, Psychology of
Investing, Innovation and Competitive Strategy, and Science and
Complexity Theory-and he includes substantial references for further
reading. A true eye-opener, More Than You Know shows how a
multidisciplinary approach that pays close attention to process and the
psychology of decision making offers the best chance for long-term
financial results.
