Person
Every book Michael Mauboussin recommended on podcasts
Key facts
- Michael Mauboussin has recommended or discussed 30 books on podcasts, as of April 23, 2024.
- Michael Mauboussin has talked about books on 4 podcasts, as of April 23, 2024.
- Those books came up in 7 episodes, as of April 23, 2024.
- The 3 books Michael Mauboussin has mentioned in the most episodes, as of April 23, 2024: Fooled by Randomness, The Wisdom of Crowds and Creating Shareholder Value.
- The latest episode with a book mention from Michael Mauboussin aired on April 23, 2024.
Updated
Across 4 podcasts. Every show Michael Mauboussin appears on, in one place — not just one.
Michael Mauboussin’s most recommended books
- Fooled by Randomness by Nassim Nicholas Taleb
- The Wisdom of Crowds by James Surowiecki
- Creating Shareholder Value by Alfred Rappaport
- Full House by Stephen Jay Gould
- Outsiders, The by William N. Thorndike Jr.
- Behave by Robert M. Sapolsky
- Better, Simpler Strategy by Felix Oberholzer-Gee
- Capital Ideas by Peter L. Bernstein
- Complexity by Melanie Mitchell
- Psychology of Intelligence Analysis by Richards J. Heuer
Michael Mauboussin heads consilient research at Morgan Stanley division Morgan Stanley Investment Management's Counterpoint Global, an open-end mutual fund. Previously, he was director of research at BlueMountain Capital and head of global financial strategies at Credit Suisse, where he advised clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making. He is also an adjunct professor of finance at the Columbia Business School and serves as chairman emeritus of the board of trustees at the Santa Fe Institute, a multi-disciplinary research center for complex adaptive systems, after serving as its chairman from 2012 until retiring in May 2021. Appearing on podcasts including Invest Like the Best and The Tim Ferriss Show, Mauboussin recommended numerous works on decision-making, human nature, and finance. He praised Daniel Kahneman's Thinking, Fast and Slow for its lessons on revising beliefs and truth-seeking, and recommended James Surowiecki's The Wisdom of Crowds alongside Scott E. Page's The Difference and The Diversity Bonus to discuss group decision-making and cognitive diversity. Additionally, he recommended Peter L. Bernstein's Capital Ideas for its history of financial thought, Josh Waitzkin's The Art of Learning for insights on intuition and mastery, and Robert M. Sapolsky's Why Zebras Don't Get Ulcers and Behave, describing the latter as the best book he had read on human nature.
Books recommended by Michael Mauboussin
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Fooled by Randomness
Fooled by Randomness by Nassim Nicholas Taleb is a popular exploration of the massive role that chance, luck, and probability play in human success, finance, and everyday life.
Discussed“One was Fooled by Randomness, where that came out in 2001. And I read it and I was like, absolutely makes sense.”
Where to get it
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The Wisdom of Crowds
The Wisdom of Crowds by James Surowiecki is an influential examination of how large groups of people can collectively demonstrate greater intelligence, problem-solving ability, and decision-making accuracy than even the smartest individual experts within the group.
Discussed“Fast-forward, and this also ties into the work at the Santa Fe Institute, but Jim Surowiecki writes The Wisdom of Crowds and the ideas have been percolating for a while.”
Where to get it
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Creating Shareholder Value
Creating Shareholder Value by Alfred Rappaport is a foundational business and finance text published in 1986 that outlines essential principles for corporate strategy and financial management.
Discussed“Guy in my training program gave me a copy of Al Rapaort's book called Creating Shoulder Value which was published in 1986.”
Where to get it
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Full House
Full House is a nonfiction book by evolutionary biologist Stephen Jay Gould that explores the concepts of variation, progress, and the paradox of skill.
Discussed“I got that from reading his book, Full House, in the book. I give him full attribution.”
Where to get it
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Outsiders, The
Outsiders, The by William N.
Discussed“Is there good or bad capital allocation? The answer is absolutely. The key to me, you mentioned Will's book, The Outsiders. And to me, the north star of all this is building long-term value per share.”
Where to get it
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Behave
Behave by Robert M.
Recommended“You know, he wrote a book called Behave in 2017, which is, I would say, probably the best book I've ever read on human nature.”
Where to get it
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Better, Simpler Strategy
Better, Simpler Strategy by Felix Oberholzer-Gee is a business book that presents clear frameworks for achieving competitive advantage and driving corporate value.
Recommended“There's a relatively new book last year or two by Felix Oberholzer Gee, who's a professor at Harvard Business School. The book is called Better, Simpler Strategy. I recommend that book. It's an easy read.”
Where to get it
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Capital Ideas
Capital Ideas by Peter L.
Recommended“He also wrote a book called capital ideas which basically does the same thing for the history of finance.”
Where to get it
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Complexity
Complexity by Melanie Mitchell serves as an accessible introduction to the science of complex systems, exploring how order emerges from decentralized interactions.
Recommended“There's a book by Melanie Mitchell who is now resident faculty at the Santa Fe Institute called Complexity a guided tour”
Where to get it
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Psychology of Intelligence Analysis
Psychology of Intelligence Analysis by Richards J.
Recommended“There's a really interesting book called The Psychology of Intelligence Analysis. Do you know that? You probably do know that book by Richard's Huer.”
Where to get it
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Superforecasting
Superforecasting by Philip E.
Recommended“There's just a quote which I love and I find myself repeating it often and it says, "Beliefs are hypotheses to be tested, not treasures to be protected."”
Where to get it
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The Art of Learning
The Art of Learning by Josh Waitzkin is a memoir and self-improvement guide by a chess master and martial arts champion that details the mental frameworks, deliberate practice, and psychological principles required to achieve high-level mastery.
Recommended“By the way, the art of learning is fabulous. I'm a huge fan.”
Where to get it
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The Difference
The Difference by Scott E.
Recommended“And Scott's written a number of great books. The difference is his big book on this.”
Where to get it
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The Diversity Bonus
The Diversity Bonus by Scott E.
Recommended“And he wrote a smaller book called The Diversity Bonus, which is, you know, shorter treatment of the same topic.”
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
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Understanding Michael Porter
Understanding Michael Porter: The Essential Guide to Competition and Strategy by Joan Magretta is a concise, accessible guide designed to explain the foundational business strategy frameworks developed by Harvard Business School professor Michael Porter.
Recommended“in fact i usually recommend that people who are interested in understanding porter read a book by a woman named joan mcgretta called understanding michael porter”
Where to get it
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Why Zebras Don't Get Ulcers
Why Zebras Don't Get Ulcers by Robert M.
Recommended“So he wrote a book called Why Zebras Don't Get Ulcers in the mid 1990s, which is it's a wonderful title and it's a wonderful book about the idea of stress.”
Where to get it
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Bionomics
Discussed“They had a bunch of books and I just scrolled over there and I picked up a book called Bionomics by a guy named Michael Rothschild.”
Where to get it
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Capitalism without Capital
Discussed“the second point is actually as you mentioned capitalism without capital in that book they have a section where they talk about the economic characteristics of intangible assets versus tangible assets”
Where to get it
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Consilience
Consilience by E.O.
Discussed“So I was very taken in the late 1990s by a book called Consilience by Eo Wilson”
Where to get it
The other 10 books Michael Mauboussin recommended or discussed, ranked
- Expectations Investing by Michael J. Mauboussin
- Expert Political Judgment by Philip E. Tetlock
- Letters of E. B. White by E. B. White
- Moneyball by Michael Lewis
- More Heat Than Light by Philip Mirowski
- On Writing by Stephen King
- The Myth of Capitalism by Jonathan Tepper
- The Nurture Assumption by Judith Rich Harris
- The Sense of Style by Steven Pinker
- The Wealth of Nations by Adam Smith
Books Michael Mauboussin wrote
Appearances
Other mentions (3: passing, ad reads, own books)
“So I wrote a book in 2009 called 2010, 2009 called Think Twice. And it's about exactly what the title says, when you are faced with certain types of situations,”
“and then um i wrote a book called think twice in 2009 and think twice as about decision making it's really an homage to kahneman”
“the other thing we're doing in the background quietly I don't know if it's going to see the light of day but working on a revised version of expectations investing so my mentor Al Rappaport he's an amazing just an amazing guy”