Author Topic: Michael Mauboussin Interview  (Read 1931 times)

farnamstreet

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Michael Mauboussin Interview
« on: August 28, 2013, 09:20:06 AM »

I was fortunate enough to have the opportunity to interview Michael Mauboussin. We talked about what advice he’d offer his younger self today, the definition of luck, decision journals, how organizations can improve their decisions and more.

...

Your most recent book, The Success Equation, points out something that few people seem to consider: that most things in life are a mixture of luck and skill. What’s the mental model we can take away from this?

The main point is to think critically about the activity you’re participating in and consider how much luck contributes to the outcome. In some realms it’s negligible, such as a running race. But in others, it’s huge. Once you understand luck’s role, you can understand how to approach the activity more thoughtfully, including how you develop skill and interpret results.

But I can tell you that our minds are horrible at understanding luck. So any mental model has to overcome our natural tendency to think causally—that is, that good outcomes are the result of good skill and bad outcomes reflect bad skill.

...

Full interview: www.farnamstreetblog.com/2013/08/michael-mauboussin-interview-no-4/


Liberty

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Re: Michael Mauboussin Interview
« Reply #1 on: April 02, 2019, 07:00:12 AM »
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Liberty

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Re: Michael Mauboussin Interview
« Reply #2 on: July 17, 2019, 08:19:07 AM »
Older Mauboussin paper on Competitive Advantage Period:

http://people.stern.nyu.edu/adamodar/pdfiles/eqnotes/cap.pdf
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Saluki

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Re: Michael Mauboussin Interview
« Reply #3 on: July 17, 2019, 08:33:09 AM »
Older Mauboussin paper on Competitive Advantage Period:

http://people.stern.nyu.edu/adamodar/pdfiles/eqnotes/cap.pdf

I have his other book, More than You Know.  It's similar to the ideas in Hagstrom's Latticework or what Charlie Munger preaches about grasping ideas from different disciplines.  Highly recommend.
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

Liberty

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Re: Michael Mauboussin Interview
« Reply #4 on: December 03, 2019, 06:12:54 AM »
New podcast interview with Mauboussin:

https://www.jimruttshow.com/michael-mauboussin/
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen