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
Why Wages Rise
How to Change Your Mind
Inside the Rise of HBO
Watchmen
Creating Shareholder Value
Livewired
Deep Value
Priceless
The Confessions
My Years with General Motors
The Origin of Species
Howard Hughes
Cultural Strategy
Rebooting AI
The Search
The Inner Studio
The Future Is Faster Than You Think
Pippi Longstocking
Mastery
Hard Drive
Foundation's Edge
Shook One
The Internet of Money Volume 1
Rise of the Dungeon Master
Patient Capital
Trillion Dollar Coach
The Wealth and Poverty of Nations
Kindly Inquisitors
The Tao of Charlie Munger
Ask The Dust
The Sleepwalkers
Hooked
The Bet
Red Star Over The Pacific
The Culture Code
Best Evidence
The Better Angels of our Nature
Mycelium Running
The Best We Could Do
Plagues and Peoples
Rework
Don't Feed the Monkey Mind
Debt
Trump and Churchill
Pandaemonium
Stranger In A Strange Land
Shaping the Future of the Fourth Industrial Revolution
Maybe You Should Talk To Someone
Andy Grove
Leaving Microsoft to Change the World
Paradigms Of A.I. Programming
A Curious Mind
Eradication
Ladies and Gentlemen - Lenny Bruce!!
Letters to a Young Poet
This Time Is Different
Frenemies
The Hero with a Thousand Faces
What's Our Problem?
Trader Vic
Good To Great
Understanding Comics
A Practical Guide for Policy Analysis
Race Matters
The Future of Capitalism
Little Brother
Age Of Ambition
The War for Kindness
The Tyranny of Experts
The Story of the Human Body
Tales of the Unexpected
A Second Chance
Journey to the Center of the Earth
Lone Survivor
In Praise of Slowness
The Gallic Wars
The Dovekeepers
Les Miserables
The Fish That Ate The Whale
The Agile Gene
Wonderworks
Smart People Should Build Things
The Art of War
The Secret of Fatima
The Spider Network
Walking
The Construction of Social Reality
Measure What Matters
Trust Me, I'm Lying
How We Got To Now
The Capitalist Manifesto
Something Incredibly Wonderful Happens
Rational Decisions
Stan Smith
As A Man Thinketh
How Buildings Learn
Inside Trump's White House
Swimming Across
The Big Short
The Model Thinker