The Investing Mind (a Guide To The Principles And Processes Of Successful Investing)

By (author) Mauboussin, Michael J.
Short description/annotation:
Uncover insider knowledge and lessons on how to achieve success in the stock market in this must-read manual for investors.
Description:

“A masterclass in making better decisions under uncertainty.” —Alex Edmans, Professor of Finance, London Business School and author, Madness of Markets

Renowned investment strategist Michael J. Mauboussin reveals the 10 most important attributes of successful investors.

Michael Mauboussin has spent 40 years on Wall Street and more than three decades teaching investment analysis at Columbia Business School. In that time, he has met, worked with, taught and studied many great investors.

Now, for the first time, he brings that wealth of experience together and answers the question: What are the qualities that lead to success in financial markets? As Mauboussin shows, this is not about what investors should think – but rather it is about how investors can think well.

In The Investing Mind, Mauboussin discusses the importance of practical abilities such as numeracy, capital allocation and balancing risk versus reward, as well as the importance of behavioral qualities including assessing strategy, understanding your own bias, and maintaining an open mind.

In an increasingly competitive investment landscape, The Investing Mind provides actionable insights for investors. You''ll learn:

-- How and why investors need to think probabilistically.
-- To always ask, “Compared to what?”
-- How to play to your strengths and avoid playing the wrong games.
-- And much, much more.

The Investing Mind is a must-read for anyone who makes decisions under conditions of uncertainty, including investors everywhere.

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If you are curious how the greatest investors ‘think differently’ than everyone else, this book is a must-read.
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Successful investors follow intellectually sound and repeatable processes that become their North Star. Time spent reading this book may help you find yours.
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Michael Mauboussin presents a comprehensive and uniquely clear set of guides for improving investment performance.
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Michael Mauboussin is one of the leading observers of market behavior and the human element behind it.
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A superb combination of delightfully easy reading and great expertise.
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The product of a union between Benjamin Graham''s The Intelligent Investor and a compendium of Warren Buffett''s letters.
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The Investing Mind has everything a thoughtful investor needs to include in their wheelhouse for making decisions.
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I love the way Michael Mauboussin thinks. This book distills 40 years of investing experience into a few hundred pages.
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A masterclass in making better decisions under uncertainty.
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Michael Mauboussin is the great fox of modern markets – and the clearest thinker anywhere on skill, luck, and decisions.
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In The Investing Mind, Michael Mauboussin turns decades of insight into a practical operating system for thinking probabilistically, beating back bias, and knowing the game you are playing.
Biographical note:

Michael J. Mauboussin is Head of Consilient Research at Counterpoint Global, an active fundamental equity team at Morgan Stanley Investment Management, based in New York. Previously, he was Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Management. Mr. Mauboussin joined Credit Suisse in 1992 as a packaged food industry analyst and was named Chief U.S. Investme