Michael Mauboussin Will Make You Think

Michael Mauboussin appeared in my film Broke a few years back and I have always enjoyed his efforts. While not a trend follower much of his work dovetails nicely with the heart and soul of trend following success: human behavior and inefficient markets. Two recent Mauboussin works worth reading (PDF):

The Importance of Expectations. The Question that Bears Repeating: What’s Priced in?
Shaking the Foundation: Revisiting Basic Assumptions about Risk, Reward, and Optimal Portfolios

3 thoughts on “Michael Mauboussin Will Make You Think

  1. Hi Michael. This was a very interesting interview with Hugh Hendry, who I think is a closet Trend follower, in the beginning he talks about needing the “legitimacy of a trend’. He then goes on to say:

    ” I have resigned from the professional undertaking of coin
    flipping. I am not here to tell you where gold is going to be, I have no idea. I
    am a student of uncertainty. I have no idea where the stock market is going to
    be, so when I am creating trades in my portfolio for clients I am agnostic. I
    just want to enhance the probability that I make money come what may”.

    Do you think you could get Hugh Hendry on your Podcast?

    Full interview here- http://www.livestream.com/theeconomist/video?clipId=pla_36cbc150-b893-4af6-b820-0570d08fd4da&utm_source=lslibrary&utm_medium=ui-thumb

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