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Michael Mauboussin

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Michael J. Mauboussin is Head of Consilient Research at Counterpoint Global. Previously, he was Director of Research at BlueMountain Capital and Head of Global Financial Strategies at Credit Suisse, where he advised clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making.
31 books on the list
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Perfectly Confident book cover
Perfectly Confident
How to Calibrate Your Decisions Wisely
Don A Moore - 2020-05-26
Goodreads Rating
An expert on the psychology of decision making at Berkeley’s Haas School of Business considers how to calibrate examines the importance of being confident, arguing that confidence is good, but overconfidence can hinder growth.A surge of confidence can feel fantastic—offering a rush of energy, even a dazzling vision of the future. It can give us cou...
Michael Mauboussin
7/ Decision makers should strive to improve their calibration, the alignment between their subjective probabilities and the objective outcome. @donandrewmoore has a great book on this. You get better with practice and feedback.      source
Also recommended by
Adam Grant
Competition Demystified book cover
Competition Demystified
A Radically Simplified Approach to Business Strategy
Bruce C. Greenwald - 2007-08-28 (first published in 2005)
Goodreads Rating
Since 1980, Michael Porter’s classic Competitive Strategy has provided the methodology that most big companies use for strategic analysis. But now, distinguished Columbia Business School professor Bruce Greenwald offers a bold new theory of competition—a theory that is far simpler than Porter’s and much easier for strategic planners to apply in the...
Michael Mauboussin
7/ Also in the 1990s, Bruce Greenwald @CenterDodd starting teaching The Economics of Strategic Behavior @Columbia_Biz. Much of this course is captured in the book, Competition Demystified. The book has a lot of useful techniques.      source
Understanding Michael Porter book cover
Understanding Michael Porter
The Essential Guide to Competition and Strategy
Joan Magretta - 2011-12-06
Goodreads Rating
Competitive advantage. The value chain. Five forces. Industry structure. Differentiation. Relative cost. If you want to understand how companies achieve and sustain competitive success, Michael Porter’s frameworks are the foundation. But while everyone in business may know Porter’s name, many managers misunderstand and misuse his concepts.Understan...
Michael Mauboussin
4/ I read the original Porter books, Competitive Strategy (1980) and Competitive Advantage (1985) and found them rich but not easy. I now recommend reading Joan Magretta's book, Understanding Michael Porter. Clear, concise, and well written:      source
Also recommended by
Leo Polovets
Scientist book cover
E. O. Wilson
Richard Rhodes - 2021-11-09
Goodreads Rating
A masterful, timely, fully authorized biography of the great and hugely influential biologist and naturalist E. O. Wilson, one of the most ground-breaking and controversial scientists of our time--from the Pulitzer Prize-winning author of The Making of the Atomic Bomb "An impressive account of one of the 20th century's most prominent biologists, fo...
Michael Mauboussin
Sad to hear of EO Wilson’s death. But he lived a remarkably productive life and challenged and inspired many. I named “The Consilient Observer” after his book, Consilience. I recently read Richard Rhodes’s biography of him, Scientist, which I recommend.      source
Creative Cash Flow Reporting book cover
Creative Cash Flow Reporting
Uncovering Sustainable Financial Performance
Charles W. Mulford - 2005-01-20
Goodreads Rating
Successful methodology for identifying earnings-related reporting indiscretions Creative Cash Flow Reporting and Analysis capitalizes on current concerns with misleading financial reporting on misleading financial reporting. It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement...
Michael Mauboussin
@Vamos_eMini Yes, that is an excellent book.      source
In Pursuit of the Perfect Portfolio book cover
In Pursuit of the Perfect Portfolio
The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest
Andrew W. Lo, Stephen R. Foerster - 2021-08-17
Goodreads Rating
How the greatest thinkers in finance changed the field and how their wisdom can help investors todayIs there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world--Jack Bogle...
Michael Mauboussin
Delighted to receive my copy of In Pursuit of the Perfect Portfolio by @AndrewWLo and @ProfSFoerster. It's the kind of book I love--it shares the background and importance of many key the ideas in the investment management field.      source
Red-Blooded Risk book cover
Red-Blooded Risk
The Secret History of Wall Street
Aaron Brown - 2011-10-11
Goodreads Rating
An innovative guide that identifies what distinguishes the best financial risk takers from the rest From 1987 to 1992, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management for risk-takers. This is the secret that lets tiny quantitative edges create hedge fund billionaires, and define...
Michael Mauboussin
Here's a good summary of the conceptual difference between Harry (mean/variance) and Kelly (geometric mean maximization) as summarized by Aaron Brown in his book, Red-Blooded Risk.      source
Exercised book cover
Why Something We Never Evolved to Do Is Healthy and Rewarding
Daniel Lieberman - 2021-01-05
Goodreads Rating
If exercise is healthy (so good for you!), why do many people dislike or avoid it? These engaging stories and explanations will revolutionize the way you think about exercising--not to mention sitting, sleeping, sprinting, weight lifting, playing, fighting, walking, jogging, and even dancing."Strikes a perfect balance of scholarship, wit, and enthu...
Michael Mauboussin
I'm only a few chapters in but enthusiastically recommend Daniel Lieberman's book, Exercised. Very informative and entertaining. (His book, The Story of the Human Body, is also terrific.)      source
The Halo Effect book cover
The Halo Effect
. . . and the Eight Other Business Delusions That Deceive Managers
Phil Rosenzweig - 2014-06-17 (first published in 2007)
Goodreads Rating
With two new chapters and a new preface, the award-winning book The Halo Effect continues to unmask the delusions found in the corporate world and provides a sharp understanding of what drives business success and failure.Too many of today’s most prominent management gurus make steel-clad guarantees based on claims of irrefutable research, promisin...
Michael Mauboussin
Not my idea - Delusion #7 from Phil Rosenzweig’s great book, The Halo Effect. It’s a short book that will change the way you think:      source
An Engine, Not a Camera book cover
An Engine, Not a Camera
How Financial Models Shape Markets (Inside Technology)
Donald MacKenzie - 2008-08-29
Goodreads Rating
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes.Paraphrasing Milton Friedm...
Michael Mauboussin
@MylesUdland Great book!      source
Valuation by McKinsey & Company Inc.
Bad Blood by John Carreyrou
Billion Dollar Whale by Bradley Hope
Blueprint by Robert Plomin
She Has Her Mother's Laugh by Carl Zimmer
Thinking in Bets by Annie Duke
Who We Are and How We Got Here by David Reich
Why We Sleep by Matthew Walker
Scale by Geoffrey West
Behave by Robert M. Sapolsky
Other Minds by Peter Godfrey-Smith
The Fear Factor by Abigail Marsh
Superforecasting by Philip E. Tetlock
Confessions of the Pricing Man by Hermann Simon
Work Rules! by Laszlo Bock
Thinking, Fast and Slow by Daniel Kahneman
The Outsiders by William N. Thorndike
Creating Shareholder Value by Alfred Rappaport
COMPLEXITY by M. Mitchell Waldrop
More Heat than Light by Philip Mirowski