Episode · Invest Like the Best · 2024-04-23
Patrick O'Shaughnessy, Bill Gurley & Michael Mauboussin: books mentioned on Invest Like the Best #370
Bill Gurley & Michael Mauboussin - Putting Theory into Practice - [Invest Like the Best, EP.370]
My guests today are Bill Gurley and Michael Mauboussin. Bill is a General Partner at Benchmark, and Michael is the Head of Consilient Research for Counterpoint Global.
Bill Gurley discussed Complexity by M. Mitchell Waldrop. Michael Mauboussin recommended Thinking, Fast and Slow by Daniel Kahneman.
Books mentioned, in the order they came up
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Complexity
Complexity by M.
Discussed“And one of the books we read back then was Complexity About the Rise of the Santa Fe Institute, where we've spent time. But it also outlined Brian Arthur's original thesis on increasing returns and network effects.”
Where to get it
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Thinking, Fast and Slow
Thinking, Fast and Slow by Daniel Kahneman is a seminal exploration of human psychology, cognitive biases, and the dual systems that drive how we think and make decisions.
Recommended“But he, above all, has embodied that. And that's leaving aside, Patrick, as you pointed out, reading fast and thinking fast and slow, like all the lessons in there that people really should internalize.”
Where to get it
Other mentions in this episode (1) — ad reads, self-promotion and passing references, never counted
Passing Thinking, Fast and Slow
“One is Danny Kahneman. Most people listening will have read his work and thinking fast and slow and heard the name a lot.”