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More Than You Know

Finding Financial Wisdom in Unconventional Places
Narrated by: Sean Runnette
Length: 7 hrs and 27 mins
5 out of 5 stars (4 ratings)
Non-member price: $28.94
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Publisher's Summary

Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor.

Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings and explains what these topics tell us about smart investing.

More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts - Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory - and he includes substantial references for further listening. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2008, 2006 Michael J. Mauboussin (P)2016 Audible, Inc.

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    5 out of 5 stars

an excellent insight into a number of Fields

I really enjoyed this book both for the diversity and honesty of the author's approach. I would certainly recommend it for anyone who is interested in investing or thinking about what biases their decision making process involves. I would say again as many insights from this book as reminisces of a stock operator, which is one of my all time favorites. he rarely labours on a point, just makes it, explains the concept and then moves on to the next point, referencing the source of the idea at each point. I ended up making quite a few notes for further reading.

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  • Ian
  • 24-11-2018

Liked it better when it was written by Taleb

If you haven’t read other books in this genre, your mind might be blown. However, if you have read titles by Taleb, Kahneman, Thaler, Gladwell, and others, you may be hard pressed to find an original idea in this book.

1 of 1 people found this review helpful

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  • James D
  • 26-03-2019

great for investors. I mean investors not traders

great for investors. I mean investors not traders 0 0 0. 0 0 00 0 0 0

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  • Dan
  • 04-02-2019

Deep wisdom for all investors

Mauboussin’s great talent is explaining how investors can make better decisions by understanding other disciplines and fields of knowledge. This book includes many insights of this type and is highly recommended. The narration, unfortunately, is dreary and much too slow: this is why 1.25 speed was created.