More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded) (Columbia Business School Publishing)
| Author | : | |
| Rating | : | 4.63 (558 Votes) |
| Asin | : | 0231143737 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2017-05-03 |
| Language | : | English |
DESCRIPTION:
An Investing Gem! O. Halabieh The core premise of this book is best summarized by the author: "More Than You Know's core premise is simple to explain but devilishly difficult to live: you will be better investor, executive, parent, friend - person - if you approach problems from a multidisciplinary perspectives". He then details his approach: "While the essays cover a range of topics, I categorize them into four parts - investment philosophy, psychology of investing, innovation and competitive strategy, and science and complexity theory. Consider these compartments in a toolbox, each addressing a distinct facet o. "Interesting and practical" according to Brian Doyle. I had thought this would have some thought provoking ideas that were loosely relevant to investing, but was pleasantly surprised at how pertinent most of this book is to investment decision making.I also found the conclusion (that there is simply a ton that is unknown about how markets function in practice) refreshing.. William F Cashman said A very good book for a stock investor. Right on.. This was recommended by a reviewer in a "A very good book for a stock investor. Right on." according to William F Cashman. This was recommended by a reviewer in a 2015 section of book reviews in the Washington Post. The main ideas seem to be the ubiquity of the "S curve" in corporate growth and the importance of expected value of future earnings (versus consensus expectations) to investment gains over time. And consilience among various inputs from subject-matter experts.. 015 section of book reviews in the Washington Post. The main ideas seem to be the ubiquity of the "S curve" in corporate growth and the importance of expected value of future earnings (versus consensus expectations) to investment gains over time. And consilience among various inputs from subject-matter experts.
"Survival of the Fittest," for example, begins by discussing how Tiger Woods improved his golf swing, introduces the concept of fitness landscapes from evolutionary biology, then explains why investors in commodity-producing companies should like strong centralized management, while technology-stock buyers should prefer flexible organizations with lots of disruptive new ideas. This book is a collection of 30 short reports, revised and updated, covering animal behavior ("Guppy Love: The Role of Imitation in Markets"), psychology ("Why Zebras Don't Get Ulcers"), philosophy of science ("The Janitor's Dream: Why Listening to Individuals Can be Hazardous to Your Wealth") and other fields. All rights reserved. . Each essay describ
Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. 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. O. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. 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.More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. A true eye-opener, More Than You Know shows how a multid