Michael J. Mauboussin Bücher

Wie denken die großen Investoren? Ganzheitlich! Enfacher gesagt, wie getan. Um die Faktoren einer umfassenden Investmentstrategie darzulegen, betrachtet und analysiert Mauboussin verschiedene Verhaltensweisen aus Bereichen des Tradings, der Natur, des Casinogeschehens und des Alltags. Das Verhalten von Ameisenkolonien, die Strategien der Pokerexperten, sogar das Verhalten auf Tupper-Partys wird unter die lupe genommen, um seine ganzheitlichen Ansatz zu vervollständigen. Mauboussin unterteilt sein Buch in fünf Abschnitte: Investment-Philosophie, die Psychologie des Investierens, Innovations- und Wettbewerbsstrategien und wissenschaftliche Theorien. Sein Buch zeigt, dass ein ganzheitlicher Ansatz, der sowohl den Prozess als auch die Psychologie der Entscheidungsfindung zusammen betrachtet, die besten Chancen für finanzielle Langzeiterfolge bietet.

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

This text aims to help investors crack the investing market. It offers a fundemental change in the way professional managers and individual investors select stock. Topics covered include: valuation of stocks; analyzing competitive strategy; the economic landscape; and mergers and acquisitions

The book introduces a novel approach to evaluating stocks by focusing on the expectations embedded in a company's stock price rather than solely forecasting cash flows. Rappaport and Mauboussin present an "expectations infrastructure" framework that connects economic forces to value creation, enabling investors to anticipate revisions in market expectations. This method equips investors and managers with tools to assess and communicate strategies effectively, fostering a deeper understanding of stock evaluation and enhancing investment success.

In this provocative book, Michael Mauboussin offers the structure needed to analyze the relative importance of skill and luck, offering concrete suggestions for making these insights work to your advantage by making better decisions.

Leaders in all fields-business, medicine, law, government-make crucial decisions every day. The harsh truth is that they mismanage many of those choices, even though they have the right intentions. These blunders take a huge toll on leaders, their organizations, and the people they serve.Why is it so hard to make sound decisions? We fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive errors are preventable. In Think Twice, Michael Mauboussin shows you how to recognize-and avoid-common mental missteps, including:-Misunderstanding cause-and-effect linkages-Aggregating micro-level behavior to predict macro-level behavior-Not considering enough alternative possibilities in making a decision-Relying too much on expertsSharing vivid stories from business and beyond, Mauboussin offers powerful rules for avoiding each error. And he explains how to know when it's time to think twice-to question your reasoning and adopt decision-making strategies that are far more effective, even if they seem counterintuitive.Master the art of thinking twice, and you'll start spotting dangerous mental errors-in your own decisions and in those of others. Equipped with this awareness, you'll soon begin making sounder judgment calls that benefit (rather than hurt) your organization.