Personalized Recommendations for More Than You Know

Michael J. Mauboussin's popular guide to wise investing, "More Than You Know," has been translated into eight languages and has been named the best business book by BusinessWeek and the best economics book by Strategy+Business since its first publication. This volume has now been 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, making it more essential than ever for investors to have a deeper understanding than the average investor.

The book offers invaluable tools to better understand the concepts of choice and risk, blending practical advice and sound theory, drawing from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, such as Warren Buffett and E.O. Wilson, but also finds wisdom in a broad and deep range of fields, including casino gambling, horse racing psychology, and evolutionary biology.

For this edition, Mauboussin has included fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, explaining what these topics tell us about smart investing. "More Than You Know" is written with the professional investor in mind, but it extends far beyond the world of economics and finance, showing 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.

The book emphasizes that to be a successful investor, one must not only understand the technical aspects of finance but also the psychological and behavioral factors that influence investment decisions. Mauboussin's insights into the complexities of human decision-making and the role of intuition in investment strategies provide a unique and valuable perspective for readers.

Moreover, the book's exploration of diverse fields, such as casino gambling and evolutionary biology, demonstrates the author's ability to draw connections and extract lessons that can be applied to the world of finance. This multidisciplinary approach sets "More Than You Know" apart from traditional investment guides, offering readers a more comprehensive and holistic understanding of the factors that drive investment success.

Overall, this updated and expanded edition of "More Than You Know" is an essential read for anyone seeking to improve their investment strategies and gain a deeper understanding of the factors that influence financial decision-making. Mauboussin's work is a testament to the power of a multidisciplinary approach and the importance of considering both the rational and emotional aspects of investing.

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