More Than You Know

Finding Financial Wisdom in Unconventional Places (Updated and Expanded)

Michael Mauboussin

Book Synopsis

"More Than You Know" by Michael Mauboussin is a captivating exploration of investing and decision making. Drawing upon various disciplines including psychology, biology, and physics, Mauboussin provides readers with valuable insights and strategies to enhance their understanding of the unpredictable world of investing.

This book challenges conventional wisdom, revealing that luck plays a far greater role in successful investing than most people realize. Mauboussin explains the importance of understanding the role of skill versus luck in various domains, emphasizing the need for a nuanced approach to decision making.

Through a series of engaging anecdotes, the author illustrates the pitfalls of relying solely on intuition and encourages readers to think probabilistically. By introducing key concepts such as base rates, sample size, and counterfactuals, Mauboussin presents readers with a framework to make better decisions in an uncertain world.

Furthermore, "More Than You Know" explores the psychological biases that often lead us astray and provides valuable tools to mitigate their impact. From the availability bias to the confirmation bias, Mauboussin unpacks these cognitive traps and suggests practical techniques to overcome them.

The book concludes with a comprehensive overview of investment strategies, highlighting the importance of understanding the fundamentals and finding an approach that aligns with one's individual skills and goals.

In "More Than You Know," Michael Mauboussin delivers a rich and thought-provoking analysis of decision making and investing. With his expert insights and practical advice, readers will gain a deeper understanding of the complexities of the investment world and learn how to navigate it with greater confidence.

Explore More Books

See All
Focus
The Prophet
Masters of Doom
The Professor in the Cage
Life on the Edge
Waiting for Godot
Lateral Thinking
The Sketchbooks of Chris Wilkinson
Work Hard. Be Nice.
What Do You Care What Other People Think?
Big World, Small Planet
Where The Wild Things Are
Eating to Extinction
The Spectator
One Monster After Another
Wonderworks
Tragedy and Hope
Sex, Ecology, Spirituality
A Brief History of Time
Rick and Morty Book One
Black Flags
Pale Rider
Hooked
For The Love Of Physics
The Boy Who Harnessed The Wind
The Man Who Invented Fidel
The Cost Of Hope
America's War for the Greater Middle East
Chaos
The Celestine Prophecy
Between The World And Me
She Said
Plagues and Peoples
How The West Grew Rich
Competing Against Luck
Consolations
Survival to Thrival
Mother of God
Believe Me
These Truths
Gay Like Me
Dealers of Lightning
Lake Success
The Holy Bible
Journey to the Center of the Earth
Bend The Curve
The Price We Pay
Broken Money
Setting The Table
Fallout
Race and Culture
Snow Crash
The Fabric of Reality
Mismatch
Origins of Political Order
Diffusion of Innovations
Frisco Kid
The New Penguin Atlas of Ancient History
Margin of Safety
The Social Animal
Mohammed and Charlemagne
Contrarian Investment Strategies
Hit Men
No Easy Day
Every Life Is On Fire
Creativity, Inc.
Graphs, Maps, Trees
The Sports Gene
Wake Up: Why The World Has Gone Nuts
Fast Food Nation
The Third Pillar
Parents Who Lead
Lean Thinking
Consciousness Medicine
Hidden Potential
Why Wages Rise
Lord of Light
Creating Shareholder Value
Beating The Street
The Soul of A New Machine
The Jungle Grows Back
The Breakthrough
Tao Te Ching
Count Down
The Snow Leopard
UFO Hunters
The Rise of Superman
The Best We Could Do
Lean Solutions
Mindset
Founding Brothers
Fortune's Formula
Zoning Rules!
Working Backwards
Foundation's Edge
Clearing The Air
Super Maker
Resistance (At All Costs)
Hold 'em Poker
Science and Method