More Than You Know

"Smart Money" has called Michael J. Mauboussin one of the "Most Influential People on Wall Street," and he has been repeatedly named to the "Wall Street Journal"'s All-Star survey. Known throughout the financial world for challenging conventional "Wall Street" wisdom, Mauboussin explores and applies ideas from a variety of disciplines to develop sound investment strategies and new approaches to understanding such concepts as choice, risk, and innovation. In this engaging book, he builds upon the visionary ideas of such figures as Warren Buffett and E. O. Wilson to offer surprising insights from unexpected sources. How can an investor learn from poker experts David Slansky and Puggy Pearson? What does guppy mate selection tell us about stock market booms? Do Tupperware parties have anything to tell us about how we select stocks? These are just some of the questions Michael Mauboussin considers in "More Than You Know".Illustrating his points with lessons drawn from casino gambling, horse racing, psychology, evolutionary biology, and other activities and disciplines, Mauboussin shows how attention to process, an understanding of the psychology of decision making, and an even temperament produce the best long-term financial results for investors. Like "Freakonomics", "The Tipping Point", and "The Wisdom of Crowds", "More Than You Know" extends far beyond the world of economics and finance to reveal the logic (or illogic) behind the choices we make.