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
Moonwalking with Einstein
Mistakes Were Made (But Not By Me)
The World That Wasn't
The Origins of Virtue
The Politics Industry
Chapterhouse: Dune
Beyond The Blue
Parfit
The Case for Nationalism
How Asia Works
The Butterfly Defect
Healthy Buildings
The Richest Man in Babylon
Letters from a Stoic
Creating Shareholder Value
Mother of God
The Etymologicon
That Will Never Work
The Holy Bible
The Spectator
A Story Lately Told
#AskGaryVee
This Brave New World
Tao Te Ching
Execution
The Narrow Corridor
On Immunity
The Story of Civilization: The Age of Voltaire
Hard Drive
Class Warfare
Merchants of Truth
Grass Farmers
Distress
Great Short Poems
Roger Ailes: Off Camera
Twelve Against The Gods
Concentrated Investing
Thus Spoke the Plant
The Dog Stars
Makers
Different
Central Banking 101
The Oz Principle
The Romance of American Communism
The Medici Effect
Call of the Reed Warbler
The Model Thinker
The Rise And Fall Of American Growth
If I Could Tell You Just One Thing
I am Anne Frank
Ordinary Men
The Nature of the Beast
Carrying The Fire
Hateship, Friendship, Courtship, Loveship, Marriage
A Sense of Where You Are
The Essays of Warren Buffett
Active Inference
Determined
The Essential Wooden
I Love Capitalism
Creativity, Inc.
The Picture of Dorian Gray
How to Change Your Mind
Immortality
The Civil Rights Era
Too Big to Fail
The Tyranny of Experts
Alice in Wonderland
The Painted Bird
Crash Proof 2.0
American Buffalo
The Big Ship and Little Digger
The Half-Life of Facts
No Applause - Just Throw Money
A Cure for the Common Company
The Ascent of Money
Hillbilly Elegy
The Formula
Cuckoo
Personal Memoirs of U.S. Grant
The Visual Display of Quantitative Information
The Robotics Primer
Presidents of War
The Decline and Fall of the Roman Empire
Play It Away
Excession
The Culture of Narcissism
Markings
The Fourth Revolution
The Amazing Adventures of Kavalier and Clay
Impromptu
Liar's Poker
The Fortunes of Africa
Dynasty
Courage
Essays In Persuasion
The Sixth Extinction
Nixonland
The Innovators Dilemma
Masters of Doom