The sun is out, the surf is up and it’s a beautiful Southern California day. That’s right, we might be plagued by earthquakes and gridlock, but when the elements align, which is nearly every day, when you get behind the wheel and crank up the radio, you feel like a million bucks. So I just…Read More
Enjoy your last day off before the new school year starts tomorrow. No worries, we have you covered with these Labor Day My themed morning reads: • Where the Five-Day Workweek Came From (The Atlantic) • People Are Quitting Their Jobs. That’s Good News. (Fiscal Times) • Boomer Wealth Dented by Mortgages Poses U.S. Risk…Read More
Category: Financial Press
Forget “Peak Oil” and “Peak Credit” … Are We On the Downslope of “Peak Intelligence”? Scientists say that we have much smaller brains than our ancestors had 20,000 years ago … and we might have gotten stupider since agriculture became widespread. Huffington Post reports that we’ve probably gotten dumber than even our Victorian ancestors:…Read More
Michael Mauboussin is our Masters in Business interview this weekend.
What role, exactly, do skill and luck play in our successes and failures? Some games, like roulette and the lottery, are pure luck. Others, like chess, exist at the other end of the spectrum, relying almost wholly on players’ skill.
In his provocative book, Michael Mauboussin untangles the intricate strands of skill and luck, defines them, and provides useful frameworks for analyzing their relative contributions. He offers concrete suggestions for how to put these insights to work to your advantage in business and other dimensions of life.
About the author:
Michael J. Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. Prior to rejoining CS in 2013, he was Chief Investment Strategist at Legg Mason Capital Management. He is also the author of three books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in the The 100 Best Business Books of All Time by 800-CEO-Read. Michael has been an adjunct professor of finance at Columbia Business School since 1993, and received the Dean’s Award for Teaching Excellence in 2009. He is also chairman of the board of trustees of the Santa Fe Institute, a leading center for mulch-disciplinary research in complex systems theory.
STARTING We’ve all got to start somewhere, just don’t delude yourself that because you’ve started you deserve to be successful. There are a number of routes to take, some of which can be combined. Skills cannot be emphasized enough. Knowing how to play your instrument, sing or deejay, gives you a floor upon which you…Read More
Category: Think Tank
Pour yourself a cup-o-joe, and settle in for our early Sunday morn reads: • You Are the Problem (Fool) • The Cyber-Terror Bank Bailout: They’re Already Talking About It, and You May Be on the Hook (Bloomberg) • How Diversification Works (A Wealth of Common Sense) • My eBay MBA: a dozen business lessons from online auctions…Read More
Category: Financial Press