Michael Mauboussin and Consuelo Mack

Earlier this month, Consuelo Mack interviewed Michael Mauboussin, Chief Investment Strategist of Legg Mason Capital Management. Mauboussin is also the author of More Than You Know: Finding Financial Wisdom in Unconventional Places (Read my review here) and Think Twice: Harnessing the Power of Counterintuition. In this interview, Mauboussin discusses the importance of doing less, the roles of psychology, skill and luck in investing.

I have embedded the full video here, but . . .

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Michael Mauboussin Interview

Michael Mauboussin is the Chief Investment Strategist of Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places (which I reviewed here). He recently sat down with Consuelo Mack of Wealth Track for an interview and discussed beating the market and behavioural finance (his specialty). It’s a good interview and worth your time:

More Than You Know author interview: Michael Mauboussin

Yesterday I reviewed More Than You Know: Finding Financial Wisdom in Unconventional Places. Columbia University Press conducted an interview with More Than You Know author Michael Mauboussin. It is an interesting read, and here’s an excerpt:

Question: More Than You Know comes at the world of investing from a very different perspective than the average book. Can these . . .

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More Than You Know: Finding Financial Wisdom in Unconventional Places

More Than You Know: Finding Financial Wisdom in Unconventional Places

By Michael Mauboussin

This week, I am reviewing More Than You Know: Finding Financial Wisdom in Unconventional Places. This is an ongoing process, so send me your feedback as to how I can provide you with more value in reviewing . . .

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Legg Mason: Investor Activity and Results

Michael Mauboussin of Legg Mason has a report that discusses the consequences of activity (h/t Farnam Street):

Most of us are taught from a young age that effort leads to results. But if you take effort to mean activity, the lesson doesn’t apply for long-term investors. The message here is simple: investors often make changes to their portfolios—with the best of intentions—that do not add value. This is as true for sophisticated institutions as it is for the unsophisticated individual. Doing less . . .

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