Michael Mauboussin
@mjmauboussin
Decisions, books, investing, mental models, complex adaptive systems, skill, luck. Adjunct Prof @Columbia_Biz and Chairman Emeritus of the Board @sfiscience
Llevo unos días leyendo la serie de Frontiers of Finance de @mjmauboussin Son textos de finanzas escritos ya hace más de 25 años, pero que me hacen darme cuenta que hay muchas perspectivas en el mundo de negocios que son atemporales. 'Let's Make a Deal' es uno de mis…
This spring, SFI’s Board of Trustees elected Ian McKinnon and Sam Peters as Chair and Vice-Chair. Long-time SFI supporters with New Mexico roots, they bring decades of insight, generosity, and leadership to their new roles, alongside a renewed term for SFI President David…
Common errors in DCF models This is one of my favourite pieces by @mjmauboussin I was going to post a snippet but I honestly think reading the whole thing is necessary. So many fantastic points.
Prof Tano Santos and I really enjoyed our conversation with the fabulous @CliffordAsness. This one should appeal especially to listeners who like to blend theory and practice. @CenterDodd podcasts.apple.com/us/podcast/cli…
Enjoyed this one. Thoughtful conversation.
New episode with Dan Rasmussen & D.A. Wallach ! Dan & D.A. walk through the state of biotech from both a quant and VC point-of-view. Then we get into the issues with private equity that @verdadcap first spoke about on the show back in 2018! @dawallach covers the impact of AI…
Doing some research and bumped into this again. Puggy Pearson, a colorful gambler in the second half of the 20th century, had an RV called "The Roving Gambler." On the side, it said, "I'll play any man...from any land...any game that he can name...for any amount of money that I…
When the great @nealstephenson writes up his latest thoughts on AI and education, you'd better get reading. I'm delighted my recent lecture on "The Cloister and the Starship" provided some inspiration. I couldn't agree more that a generation is being deprived of grit.
Inspired by @mjmauboussin's recent research, I've got an article up in which I test out a strategy that systematically buys-and-holds stocks after they've gotten crushed. It might not make for a mutual fund, but the strategy would have worked quite well. spr.ly/60114cAIF
Lots of fun discussing core concepts (for investors and executives) with Greg Milano @FortunaAdv youtu.be/SaD7GSaz5Q8
Small, focused teams can achieve incredible things — very proud of what we’ve built! theinformation.com/articles/littl…
Interesting anecdote by @mjmauboussin today… “which has higher latitude Milan or Toronto?” People typically get this wrong and are highly confident in their wrong answer. Oddly ChatGPT (4o) is confused and contradicts itself right out of the box.
This week's installment of Math, Revealed -- Let's Get Packing! Please retweet this gift link, which lets people see the article for free. nytimes.com/interactive/20…
"Only 2% of [public] companies [over the last century] were responsible for more than 90% of the aggregate net wealth creation." Long term public market investing = venture capital investing, whether you like it or not! HT @mjmauboussin
Revisiting Think Twice by Michael Mauboussin—such a solid read. The ideas around decision-making really stick with me. Whether I’m coaching, working in the tax world, or just navigating summer sports chaos, it all applies. Glad I picked it back up. #SummerReading #ThinkTwice
This is great work, Jeff. Thank you!
I've got another new Substack post up that builds (mooches?) off of @mjmauboussin's recent terrific paper on drawdowns and recoveries. In this post, I focus on funds and how mergers/liquidations can mess with mean reversion/recovery. fwiw. spr.ly/6014NhiPe
Nothing better than hanging out with Tren. He's knowledgeable, wise, and unfailingly generous. I am one of a multitude who have learned a lot from him.
I had breakfast with my close friend Michael Mauboussin yesterday. He describes the "fade rate" as the speed at which a company's competitive advantage erodes over time. It quantifies how quickly the benefits of a company's moat diminishes due to competition." Charlie Munger:
Valuation: An Epistemological View By Michael Mauboussin
This is excellent. @mjmauboussin has written extensively on adjusting for intangibles (any why it matters) but I love this video because it shows how masterful he is as a speaker, presenter and teacher. Disclosure: I personally own shares of MSFT & SNOW. youtube.com/watch?v=W93fLU…