The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing
| Author | : | |
| Rating | : | 4.99 (809 Votes) |
| Asin | : | 1422184234 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2015-08-18 |
| Language | : | English |
DESCRIPTION:
"A good introduction to statistics and less of a business self-help book than I expected" according to MT57. I bought this book because it showed up more often than any other on some year-end lists of books that investment professionals recommended. It also deals with topics I spend a lot of time thinking about - the untangling of skill and luck, and what are the keys to success that a person has control over.It was well done if somewhat different from my expectations. The first 2/A good introduction to statistics and less of a business self-help book than I expected I bought this book because it showed up more often than any other on some year-end lists of books that investment professionals recommended. It also deals with topics I spend a lot of time thinking about - the untangling of skill and luck, and what are the keys to success that a person has control over.It was well done if somewhat different from my expectations. The first 2/3 of the book are essentially a gentle introduction to statistics using examples from sports (sabermetrics), business strategy and investing, on the appare. of the book are essentially a gentle introduction to statistics using examples from sports (sabermetrics), business strategy and investing, on the appare. "Highly enjoyable and comprehensible read." according to Don. The latest book by Michael Mauboussin explores the impact of luck and skill in business, sports, and investing. Since 199Highly enjoyable and comprehensible read. The latest book by Michael Mauboussin explores the impact of luck and skill in business, sports, and investing. Since 1993, Mauboussin has been an adjunct professor at the Columbia Graduate School of Business, where he has won awards for his teaching. It is easy to see why he is so popular with students. Mauboussin was extremely well received when he spoke to CFA Society Toronto about his last book, Think Twice: Harnessing the Power of Counterintuition. Prior to that, he wrote More Than You Know: Finding Financial Wisdom in Un. , Mauboussin has been an adjunct professor at the Columbia Graduate School of Business, where he has won awards for his teaching. It is easy to see why he is so popular with students. Mauboussin was extremely well received when he spoke to CFA Society Toronto about his last book, Think Twice: Harnessing the Power of Counterintuition. Prior to that, he wrote More Than You Know: Finding Financial Wisdom in Un. Andrea M. Schara said Integrating Intuition with Deep Thinking. Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. "Integrating Intuition with Deep Thinking" according to Andrea M. Schara. Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2Integrating Intuition with Deep Thinking Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 23Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. "Integrating Intuition with Deep Thinking" according to Andrea M. Schara. Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2Integrating Intuition with Deep Thinking Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 23Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 18Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. "Integrating Intuition with Deep Thinking" according to Andrea M. Schara. Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2Integrating Intuition with Deep Thinking Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 23Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. Integrating Intuition with Deep Thinking Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 2218Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. 23Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. Integrating Intuition with Deep Thinking Andrea M. Schara Wondering what makes it so hard to make good decisions? Reading or really seriously studying Mauboussin's new book (amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve. ) is a fascinating education in how the brain misperceives the environment in predictable ways.Mauboussin identifies the ways we can be tricked by short cut thinking and rules of thumb decision-making. He even makes it seem possible, before breakfast, to understand a bit about correlations and decision-making linkages, statistical thinking and reve
He also knows how easy it is to botch the job and has great storiesfrom music studios to baseball dugouts to the New York Stock Exchangethat bring statistical abstractions to life.”Howard Marks, Chairman and cofounder, Oaktree Capital Management; author, The Most Important ThingIn The Success Equation, Michael Mauboussin helps us understand the difference between skill and luck and, importantly, how to tell how much each contributed to a given outcome. Michael Mauboussin's insights into the relationship between skill and luck are clearly and simply explained, relentlessly logical and often counter-intuitive. He reminds us that in fields where luck plays a big part, like investing, outcomes are of limited relevance in assessing performance. News & World ReportWell
Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions.The Success Equation helps us move toward this goal by: Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant Helping us develop the analytical tools necessary to understand skill and luck Offering concrete suggestions about how to take these findings and put them to workShowcasing Mauboussin’s trademark wit, insight, and analytical genius, The Success Equation is a must-read for anyone seeking to make better decisionsin business and in life.. He offers concrete suggestions for making these insights work to your advantage. Much of what we experience in life results from a combination of skill and luck.” From the IntroductionThe trick, of course, is figuring out just how many of our successes (and failures) can be attributed to eachand how we can learn to tell the difference ahead of time.In most domains of life, skill and luck seem hopelessly entangled. Imagine what we could accomplish if we w