More Than You Know

By: Michael J. Mauboussin

Narrated by: Sean Runnette

Length: 7 hrs and 27 mins

Publisher's Summary

Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. 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. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. 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. Mauboussin groups his essays into four parts - Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory - and he includes substantial references for further listening. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.

Download the accompanying reference guide.

©2008, 2006 Michael J. Mauboussin (P)2016 Audible, Inc.

Deep wisdom for all investors

Mauboussin’s great talent is explaining how investors can make better decisions by understanding other disciplines and fields of knowledge. This book includes many insights of this type and is highly recommended. The narration, unfortunately, is dreary and much too slow: this is why 1.25 speed was created.

1 person found this helpful

Liked it better when it was written by Taleb

If you haven’t read other books in this genre, your mind might be blown. However, if you have read titles by Taleb, Kahneman, Thaler, Gladwell, and others, you may be hard pressed to find an original idea in this book.

2 people found this helpful

Out of date and poorly read

Very disappointed. The author is highly regarded in his field; I guess I should have picked a more recent publication. Much worse, however, was the flat uninflected presentation. If he was told to come across as “matter-of-fact,” I suppose he succeeded, but there was very little in either content or performance that attracted me to it. I gave up with two hours remaining.

great for investors. I mean investors not traders

great for investors. I mean investors not traders 0 0 0. 0 0 00 0 0 0