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
On Drugs
Timelines of World History
The Internet of Money Volume 2
Structure and Interpretation of Computer Programs
Structures
The Principia
Parasite Rex
The Bullish Case for Bitcoin
The Battle of Alcazar
Draft No. 4
The Alliance
The House of Getty
Rainbows End
Barbarian Days
The Three Body Problem
Stranger In A Strange Land
Play Bigger
The Starfish and the Spider
When Genius Failed
Norwegian Wood
Perilous Interventions
Resurrection From The Underground
Conflicted
Scientific Freedom
Hold 'em Poker
Trauma
T
Good Economics For Hard Times
The Benedict Option
Visual Explanations
Complexity and the Economy
The Paper Menagerie And Other Stories
Right Thing, Right Now
When Prophecy Fails
The Salmon of Doubt
Status Anxiety
Industrial-Strength Denial
The Dao of Capital
Bobby Kennedy
Origins of Political Order
Exit Interview
On Writing Well
Teddy and Booker T.
Solution Selling
Natural
Trade Is Not A Four Letter Word
Payoff
The Devil in the White City
Diet for a Small Planet
The Design of Everyday Things
The Second Machine Age
The Autobiography of Charles Darwin
Born To Run
Nobody Wants To Read Your Sh*t
Trade-Off
The Wizard of Menlo Park
The Man Without a Face
The Boy Who Harnessed The Wind
The 48 Laws of Power
The Wayfinders
Fast-Track Triathlete
The Story of Civilization: The Age of Reason Begins
Alice's Adventures in Wonderland
The Blank Slate
All Out War
A Soldier of the Great War
Simple Rules
Six Not-So-Easy Pieces
Storm of Steel
Trailblazer
The Book of Laughter and Forgetting
True Enough
A Wrinkle in Time
The Fault in Our Stars
Permutation City
The Friction Project
The Mind of Napoleon
Surface Detail
What Do People Do All Day?
Netflixed
Blueprint
Leading Without Authority
Smart People Should Build Things
The Great Illusion
Plan B 3.0
Linchpin
Manias, Panics, and Crashes
Reality Is Not What It Seems
Super Maker
Cultural Strategy
The Theory of Investment Value
Revolution in The Valley
State of the Art
Stone Age Economics
Fortune's Formula
Bad News
Memories, Dreams, Reflections
The Slow Midnight on Cypress Avenue
The Death of the Artist
Pasture Perfect