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Type of bind: Hardcover
Dewey Decimal Number: 332.6
EAN num: 9780231143721
ISBN number: 0231143729
Label: Columbia University Press
Manufacturer: Columbia University Press
Quantity: 1
Page Count: 320
Printing Date: September 26, 2007
Publishing house: Columbia University Press
Sale Popularity Level: 26133
Studio: Columbia University Press
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Product Description:
Since its very 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 reading. 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.
User popularity level:
Rated by buyers 
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This book is easy to read quickly, and not worth reading slowly. It is an unorganized collection of short, repetitive essays that draw analogies between choosing investments and findings from psychology and other areas of science. Nothing here is novel to anyone who reads magazines like Wired, or book reviews in the Economist, among other sources. Nothing in this book is quantitatively precise or directly applicable. Everything is suggestive, that's all. Parts may be thought-provoking if you haven't seen them before, but everything is derivative of other authors.
This book was written to make a buck, that's all. The editing is cynically sloppy. For example, the table on 56 is an update of the table on page 75, but neither page has a reference to the other. The author teaches a class related to this book in the Columbia University MBA program. I hope the class has some rigor; this book does not.
Rated by buyers 
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I bought a copy after seeing a rave review and for the very first 50 pages or so this book held my breathless attention - a sort of freakonomics for the high-brow set. The fact that from that point onward I could pretty much skim the book was a sign of how fast knowledge is becoming disseminated these days - the ideas sounded so familiar (the unlikely events are much probable than most people think, the fat tails, etc, etc). This is not really a criticism - if I knew this before I bought the book, I would still buy and enjoy it. The playground of the mind is definitely worth the admission price.
Rated by buyers -
this man has been teaching finance (securities analysis) as an adjunct (part time) professor at columbia since the early 90's with self interests on wall street and beyond.
what that did for mba students at columbia was very little. if you check out the track record of mutual funds at his most recent position (as chief investment officer) at legg mason (his 5th in 20 years), it's a below average one.
read something from bernstein and fischer instead.
Rated by buyers -
Practical information any ivestor should keep in mind. Potentially very helpful if one heeds to the ideas in this book. The very first 75% of the book is very tight, but towards the end there is some repetition. Overall, nice read.
Rated by buyers -
Perspective and Context are something human's (and other primates) don't do well, so it is great to have a series of relevant essays on these subjects relative to investing. It should be in a serious investor's library.
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