A new book from Michael J. Mauboussin
A guide to the principles and processes of successful investing. Renowned investment strategist Michael J. Mauboussin reveals the ten most important attributes of successful investors.
Hardcover · Harriman House · Pre-order price guarantee
About the book
Michael Mauboussin has spent 40 years on Wall Street and more than three decades teaching investment analysis at Columbia Business School. In that time, he has met, worked with, taught and studied many great investors.
Now, for the first time, he brings that wealth of experience together and answers the question: what are the qualities that lead to success in financial markets? As Mauboussin shows, this is not about what investors should think. It is about how investors can think well.
In The Investing Mind, Mauboussin discusses the importance of practical abilities such as numeracy, capital allocation and balancing risk versus reward, as well as behavioral qualities including assessing strategy, understanding your own bias, and maintaining an open mind.
In an increasingly competitive investment landscape, The Investing Mind provides actionable insights for investors. It is a must-read for anyone who makes decisions under conditions of uncertainty, including investors everywhere.
You’ll learn
How and why investors need to think probabilistically when the future refuses to sit still.
Every judgment of value, skill, or performance only means something against the right benchmark.
How to play to your strengths and avoid playing the wrong games.
Actionable insights for anyone who makes decisions under conditions of uncertainty.
From the book
“Life is like a snowball. The important thing is finding wet snow and a really long hill.”
Warren Buffett
Pack a snowball, pick your snow and your hill, and let it roll. It grows slowly at first. Then all at once.
The bottom of the hill
Ø 0 m
Pack the snow, set the hill, and let it roll.