An article in Forbes features an interview with Michael Mauboussin, Director of Research at BlueMountain Capital Management. The interview focused on Mauboussin’s recent paper discussing “the merits and pitfalls of…
Tag: Michael Mauboussin
The Underappreciated Role of Luck in Investing
By Justin J. Carbonneau (@jjcarbonneau) — The $1.5 billion Mega Millions jackpot had a lot of people daydreaming about what they would do if they won such a windfall. With…
Mauboussin on the Language of Likelihood
In a recent article for the Harvard Business Review, authors Andrew and Michael Mauboussin discuss the language of probability and share analysis that shows how its subjective nature can lead…
Mauboussin Offers Insights on Active Management
A recent Forbes article offers comments and insights gathered in a recent interview with Michael Mauboussin, Director of Research at BlueMountain Capital Management (formerly Head of Global Financial Strategies at…
Luck or Skill? Focus on the Process, not Performance.
By John Reese (@guruinvestor) — Is it better to be lucky or smart? When it comes to investing, I think we can all agree that success arises from a combination…
Some Thoughts On Improving the Predictive Value of Morningstar's Ratings
By Jack M. Forehand (@practicalquant) — The Wall Street Journal article last week that called into question the predictive value of Morningstar star ratings has caused a lot of debate…
Zweig: The Challenge of a Smaller Stock Pool
For stock pickers, choosing among a smaller universe of stocks is much more difficult, writes Jason Zweig in a recent Wall Street Journal article. Zweig cites data from the University of…
Mauboussin on Active Vs. Passive Management
A paper co-authored by Michael Mauboussin of Credit Suisse addresses important issues to consider in relation to the continued and increasing shift from active toward passive fund management. Those investors…
What Makes a Great Investor? Count to Ten.
“Perhaps the single greatest error in the investment business is a failure to distinguish between the knowledge of a company’s fundamentals and the expectations implied by the market price,” writes…
4 Ways On How to Improve Forecasting Skills, a Credit Suisse Report by Mauboussin
In the aggregate, forecasters may be “roughly as accurate as a dart-throwing chimp,” but some forecasters are particularly and consistently far better than average. Credit Suisse reports that the book Superforecasting: The Art and…