Investment strategist and author Michael Mauboussin discusses More than You Know: Finding Financial Wisdom in Unconventional Places with Santa Fe Institute Profesor John Miller.
Because most occupations encourage a degree of specialization, most of us end up with pretty narrow slices of knowledge. For example, many economists base their models on rational investors or normal distributions without looking at how the world really works.
The core premise of this talk is simple to state but devilishly difficult to live: you will be a better investor, parent, friend-person-if you approach problems from a multidisciplinary perspective. Mauboussin discusses how lessons from Babe Ruth, Tupperware parties, the Wright Brothers, and ant colonies can make you a better decision maker- Santa Fe Institute
Bio
Michael Mauboussin
Michael J. Mauboussin joined Legg Mason Capital Management as chief investment strategist in 2004. Prior to joining LMCM, Michael served as managing director and chief U.S. investment strategist at Credit Suisse First Boston. He was also a member of the firm’s Research Review Committee. Michael joined CSFB in 1992 as a packaged food industry analyst. He is the former president of the Consumer Analyst Group of New York and was repeatedly named to Institutional Investor’s All-American Research Team and the Wall Street Journal All-Star survey in the food industry category.
Mauboussin’s work focuses on the process of value creation from both the company’s and the investor’s standpoint. His multi-disciplinary approach draws ideas from fields including finance, strategy, psychology, and complexity theory. In 2004, SmartMoney magazine named Michael as one of its Power 30, a list of "the most influential people on Wall Street." Mauboussin’s ideas have been featured by a number of national publications, including The Wall Street Journal, Business 2.0, Forbes, and The Daily Deal. He is also highlighted in the books The Super AnalystsThe Warren Buffett Portfolio (Robert Hagstrom), and Stock Picking (Richard Maturi).
He is the author of More Than You Know: Finding Financial Wisdom in Unconventional Places (Columbia University Press, 2006) and co-author, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns (Harvard Business School Press, 2001). Mauboussin has also authored or co-authored articles for the Harvard Business Review, Journal of Applied Corporate Finance, Financial Management, and Fortune.
Mauboussin has also been an adjunct professor of finance at Columbia Graduate School of Business since 1993. BusinessWeek’s Guide to the Best Business Schools highlighted Michael in 2001 as one of the school’s "Outstanding Faculty," a distinction received by only seven professors. He is also on the Board of Trustees at the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. Michael received a B.A. in government from Georgetown University.
Geoffrey West
Distinguished Professor and former President, Santa Fe Institute. Senior
Fellow, former leader of high energy physics, Los Alamos National
Laboratory. BA, Cambridge University (1961); PhD (physics,1966), faculty
(1970), Stanford University.
Theoretical physicist with primary
interests in fundamental problems: elementary particles, cosmological
implications, origins of universal scaling laws, unifying quantitative
framework of biology, including metabolic rate, growth, aging, death,
sleep, cancer, and ecosystems.
Presently developing unified theory of
cities, companies and sustainability, including growth, innovation and
the accelerating pace of life. Many awards including Harvard Business
Review breakthrough idea (2007) and Time magazine's "100 Most Influential
People in the World" (2006).