Podcasts about counterintuition

Get more notes at https://podcastnotes.org Business* Active Listening by Carl R. Rogers* Key reading for getting better at negotiations* Source: Chris Voss's recommendation to Jordan B. Peterson (PN)* When Helping Hurts by Steve Corbett and Brian Fikkert* One of the best books about philanthropy* Source: Brent Beshore's recommendation to Shane Parrish (PN)* Hey, Whipple, Squeeze This by Luke Sullivan* A simple guide to creating great advertisements* Source: Chris Beresford-Hill and Tim Ferriss in discussion (PN)* Words That Work by Frank Luntz* Mastering the art of words* Source: Chris Beresford-Hill and Tim Ferriss in discussion (PN)Economics* The Creature From Jekyll Island by G. Edward Griffin* Analysis of bank bailouts* Source: Michael Saylor and Peter McCormack in discussion (PN)* Broken Money by Lyn Alden* “Money” is the biggest total addressable market in the world, and the money now is currently broken* Source: Dylan LeClair recommendation (PN)* The Great Wave: Price Revolutions and the Rhythm of History by David Hacket Fischer* Explores the recurring cycles of price inflation throughout history, connecting economic trends to broader social and cultural changes* Source: Rudyard Lynch's recommendation to Tom Bilyeu (PN)* Fiat Food: How Government, Industry, and Science Manufacture the Foods We Eat by Matthew Lysiak* Why inflation has destroyed our health and how Bitcoin may fix it* Source: Matthew Lysiak's appearance on We Study Billionaires (PN)Entrepreneurship* Zero to One by Peter Thiel* One of the most commonly recommended books for entrepreneurs* Source: Multiple* Only The Paranoid Survive by Andrew Grove* Must read for all entrepreneurs* Source: Morgan Housel and Chris Williamson in discussion (PN)* Million Dollar Weekend: The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours by Noah Kagan* The idea of starting a business is often so overly romanticized that people never make the jump into entrepreneurship* Source: Noah Kagen's appearance on Deep Questions with Cal Newport (PN)* Mastery by Robert Greene* The value of mastering a skill set* Source: Sam Parr's recommendation to Andrew Wilkinson (PN)* Bird by Bird by Anne Lamott* How to overcome creative roadblocks* Source: Chris Beresford-Hill and Tim Ferriss in discussion (PN)* Chase, Chance, and Creativity by James Austin* Talks about how certain people attract luck and how luck can be created* Source: Mike Maples, Jr. recommendation to Lenny Rachitsky (PN)* Fooled by Randomness by Nassim Taleb* The impact of randomness and luck on success* Source: Cyrus Yari and Iman Olya book review (PN)* Skin in the Game by Nassim Taleb* “You cannot separate knowledge from contact with the ground. Actually, you cannot separate anything from contact with the ground.” – Nassim Taleb* Source: Cyrus Yari and Iman Olya book review (PN)* Andrew Carnegie by David Nasaw* “I got married at Carnegie Hall because of my love for Andrew Carnegie… He did a lot of bad things, but he was mostly amazing” – Sam Parr* Source: Sam Parr's recommendation to Andrew Wilkinson (PN)* Tycoon's War by Stephen Dando-Collins* Cornelius Vanderbilt: How his mind worked and why you wouldn't want to compete against him* Source: David Senra book review (PN)* Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow* Most successful entrepreneurs can be honest family men, too* Source: Sam Parr's recommendation to Andrew Wilkinson (PN)* The Presentation Secrets of Steve Jobs: How To Be Insanely Great in Front of Any Audience by Carmine Gallo* Nobody had more compelling presentations than Steve Jobs* Source: David Senra book review (PN)* How To Be Rich by J. Paul Getty* “I would like to convince young businessmen that there are no surefire, quick, and easy formulas for success in business” – J. Paul Getty* Source: David Senra book review (PN)* Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble* Discover the rags-to-riches tale of billionaire Sam Walton, founder of the discount chain Wal-Mart and America's richest man, in this study of old-fashioned values like honesty and hard work* Source: David Senra book review (PN)Investing* What I Learned About Investing From Darwin by Pulak Prasad* How to beat the market, the biggest mistakes investors make, why history is more important than projections, and how natural selection applies to investing* Source: Kyle Grieve book review (PN)* The Intelligent Investor by Benjamin Graham* Understanding the difference between price and value* Source: Bill Ackman's recommendation to Lex Fridman (PN)* The Algebra of Wealth by Scott Galloway* “America is a loving, generous place if you have money. It is a rapacious, violent place if you don't.” – Scott Galloway* Source: Scott Galloway's appearance on The Rich Roll Podcast (PN)* A Mathematician Plays The Stock Market by John Paulos* Source: John Paulos appearance on Infinite Loops with Jim O'Shaughnessy (PN)* Poor Charlie's Almanack by Charlie Munger* Charlie Munger understood incentives and human psychology, but never used that knowledge to manipulate others* Source: Warren Buffett's recommendation to shareholders (PN)* Think Twice: Harnessing the Power of Counterintuition by Michael J. Mauboussin* Making decisions is part of life, this is how you make better ones* Source: John Paulos and Jim O'Shaughnessy in discussion (PN)* Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson & Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean by Karen Berman and Joe Knight* Books that Ateet Ahluwalia gives people who join his firm* Source: Ateet Ahluwalia recommendations to Jim O'Shaughnessy (PN)* eBoys: The First Inside Account of Venture Capitalists at Work by Randall Stross* An intriguing insider's look at the rise of Silicon Valley through the lens of the pioneering venture capital firm Benchmark Capital* Source: Aarthi Ramamurthy and Sriram Krishnan in discussion (PN)* Flash Boys: A Wall Street Revolt by Michael Lewis* How the insiders got exposed* Source: Joseph Stiglitz and Tyler Cowen in discussion (PN)Productivity* Attention Span: A Groundbreaking Way to Restore Balance, Happiness, and Productivity by Gloria Mark* Illustrates four myths about attention span* Source: Cal Newport book review (PN)* The Effective Executive: The Definitive Guide to Getting The Right Things Done by Peter Drucker, The 7 Habits of Highly Effective People by Stephen Covey, and Getting Things Done: The Art of Stress-Free Productivity by David Allen* Three books that embody the evolution of productivity* Source: Cal Newport recommendation to Chris Williamson (PN)* Four Thousand Weeks: Time Management for Mortals by Oliver Burkeman* How to embrace the fact that you can't do everything* Source: Cal Newport recommendation to Chris Williamson (PN)Leadership* The Hard Thing About Hard Things by Ben Horowitz* Great lessons about running a business and being a leader* Source: Marc Andreessen's recommendation to Rick Rubin (PN)* Thinking Fast and Slow by Daniel Kahneman* Frequently recommended over and over again this year* Source: Bill Gurley, Michael Mauboussin, and Patrick O'Shaughnessy in discussion (PN)* Ender's Game by Orson Scott Card* Sci-fi novel but also a great way to study leadership* Source: Tim Ferriss recommendation to Chris Williamson (PN)* Art of War by Sun Tzu* Do not assume that your enemy thinks in a similar way that you do* Source: Source: Jocko Willink recommendation (PN)* Adventures of a Bystander by Peter Drucker* A captivating journey through his encounters with remarkable individuals who influenced his thinking and shaped the world of management* Source: Jim O'Shaughnessy's recommendation to Ateet Ahluwalia (PN)Motivation* The Alchemist by Paulo Coelho & Ask and It Is Given by Esther and Jerry Hicks* Helped Mike Posner on his spiritual journey* Source: Big Sean recommendations to Mike Poser (PN)* Driven From Within by Michael Jordan* Written during his career peak* Source: David Senra book review (PN)* Michael Jordan: The Life by Roland Lazenby* The key insights into Michael Jordan's competitive spirit and how it made him the greatest basketball player of all time* Source: Ben Wilson book review (PN)Deep Thinking* The Beginning of Infinity and The Fabric of Reality by David Deutsch* Naval Ravikant praises David's work, considering him the smartest human alive* Source: Naval Ravikant and Niklas Anzinger in discussion (PN)* The Ego Tunnel: The Science of the Mind and the Myth of the Self by Thomas Metzinger* “Life is not a mystery anymore” – Thomas Metzinger* Source: Thomas Metzinger's appearance on Making Sense with Sam Harris (PN)* Gold by Haleh Liza Gafori (a new translation of Rumi's poems)* Remedy for overthinking before bed* Source: Tim Ferriss recommendation to Chris Williamson (PN)Get the FULL List at Podcast Notes Thank you for subscribing. 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Peter and Michael discuss the book that launched the phenomenon of New Atheism and asked the question: What if we hated Muslims, but in a secular way?Where to find us: Peter's other podcast, 5-4Mike's other podcast, Maintenance PhaseSources:Views of ViolenceCarnival Booth: An Algorithm for Defeating the Computer-Assisted Passenger Screening SystemThe same motive for anti-US 'terrorism' is cited over and overDoes intuitive mindset influence belief in God? Terrorism science: 5 insights into jihad in EuropeAnalytic cognitive style predicts religious and paranormal beliefWhat Is "Islamophobia"?Essays In Defense of ProfilingTo Profile or Not to ProfileChapter 2 The Making of Jihadist Social Actors in Europe inWho are the new jihadis?Disbelief - Prometheus Books God and the Ivory TowerReligion's evolutionary landscape: Counterintuition, commitment, compassion, communionThe Evolution of Religion: How Cognitive By-Products, Adaptive Learning Heuristics, Ritual Displays, and Group Competition GenerateTalking to the Enemy Thanks to Mindseye for our theme song!

Brought to you by Athletic Greens's AG1 all-in-one nutritional supplement, House of Macadamias delicious and nutritious nuts, and Shopify global commerce platform providing tools to start, grow, market, and manage a retail business. Michael Mauboussin (@mjmauboussin) is Head of Consilient Research on Counterpoint Global at Morgan Stanley Investment Management.Prior to joining Counterpoint Global, Michael was Director of Research at BlueMountain Capital, Head of Global Financial Strategies at Credit Suisse, and Chief Investment Strategist at Legg Mason Capital Management. Michael originally joined Credit Suisse in 1992 as a packaged food industry analyst and was named Chief U.S. Investment Strategist in 1999.Michael is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, and More Than You Know: Finding Financial Wisdom in Unconventional Places. More Than You Know was named one of "The 100 Best Business Books of All Time" by 800-CEO-READ, one of the best business books by BusinessWeek (2006), and best economics book by Strategy+Business (2006). Michael is also co-author, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns. Michael has been an adjunct professor of finance at Columbia Business School since 1993 and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. He received the Dean's Award for Teaching Excellence in 2009 and 2016 and the Graham & Dodd, Murray, Greenwald Prize for Value Investing in 2021.Michael earned an A.B. from Georgetown University. He is chairman emeritus of the board of trustees of the Santa Fe Institute, a leading center for multidisciplinary research in complex systems theory.Please enjoy!This episode is brought to you by Shopify! Shopify is one of my favorite platforms and one of my favorite companies. Shopify is designed for anyone to sell anywhere, giving entrepreneurs the resources once reserved for big business. In no time flat, you can have a great-looking online store that brings your ideas to life, and you can have the tools to manage your day-to-day and drive sales. No coding or design experience required.Go to shopify.com/Tim to sign up for a one-dollar-per-month trial period. It's a great deal for a great service, so I encourage you to check it out. Take your business to the next level today by visiting shopify.com/Tim.*This episode is also brought to you by House of Macadamias delicious and nutritious nuts! I love macadamia nuts and have been enjoying them often since keto expert Dr. Dominic D'Agostino recommended them on the podcast in 2015. They taste great, and with more healthy, monounsaturated fat than both olive oil and avocados, 27% fewer carbs than almonds, and more than 50% fewer carbs than cashews, they're the perfect low-carb, keto-friendly, nutty snack. In fact, I just ate a handful of lightly white-chocolate-covered macadamias about an hour ago to keep me going through the afternoon until dinner. And I will say this: ​House of Macadamias produces the best-tasting macadamia nuts I've ever eaten… by far.Listeners of The Tim Ferriss Show can use code TIM20 to get 20% off all orders, plus, for a limited time, a free, premium, extra-virgin, cold-pressed macadamia oil with any order, valued at $20. Visit HouseOfMacadamias.com/Tim to discover some of the most delicious and nutritious nuts on the planet.*This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and 5 free travel packs) with your first subscription purchase! That's up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*[07:12] Latin roots.[09:14] No business education? No problem![12:15] The best food industry analyst.[15:36] Consilience.[19:58] Complex adaptive systems.[23:26] Diversity.[26:23] The wisdom of crowds.[32:42] The minimum effective dose of cognitive diversity.[36:02] Designing experiments.[43:49] Against the Gods and Complexity.[49:56] Value investing and the Santa Fe Institute.[53:57] A brief 21st-century asset class tour.[57:47] Base rates and horses.[1:06:16] Good vs. great investors.[1:13:22] Expanding options when making decisions.[1:18:56] Favorite failures.[1:20:35] Counteracting overreliance on experts.[1:24:34] Intuition.[1:34:15] Time management tenets.[1:40:59] Parental resources.[1:43:42] Perspectives gained by learning about complex adaptive systems.[1:46:12] Recommended reading.[1:47:32] Michael's billboard.[1:50:33] Parting thoughts.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Michael Mauboussin is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, and More Than You Know: Finding Financial Wisdom in Unconventional Places. Michael is currently Head of Consilient Research at Counterpoint Global. Michael has also held roles as Director of Research at BlueMountain Capital Management, he was a Managing Director and Head of Global Financial Strategies at Credit Suisse, and he was Chief Investment Strategist at Legg Mason Capital Management. Mr. Mauboussin has been an adjunct professor of finance at Columbia Business School since 1993 and currently is Chairman of the Board of Trustees for the Sante Fe Institute. Checkout the Show Notes from Michael's Episode & Reading List Transcript   Watch my Persistent Patterns of Greatness Master Class  You Unleashed Course  50% off You Unleashed is an online personal development course created by Sean DeLaney after spending years working with an interviewing high achievers.The online course that helps you ‘Unleash your potential'! You Unleashed teaches you the MINDSETS, ROUTINES and BEHAVIORS you need to unleash your potential and discover what you're capable of. You know you're capable of more and want to bring out that untapped potential inside of you. We teach you how. Enroll Today & Receive 50% off by using code “WGYT”- Click Here Subscribe to my Momentum Monday Newsletter Connect with us! Whatgotyouthere TikTok YouTube Twitter Instagram 

Smoking is ranked as no. 8ish in adverse health risks according to my on the run unpack of the real and more adverse downstream health outcomes, with a few insights that pass as data also. steve.andelkovic@gmail.com Concierge Health Advisor link: https://www.conciergehealthadvisor.com/ https://open.spotify.com/show/6bayo1N3diL1EgKxdhJDOu?si=ts5qxD4sQqGnxQpRBa7ifA https://podcasts.apple.com/au/podcast/real-health/id1531325591 https://link.medium.com/L1ws3DBsSab https://102473502.youngevity.com/au_en/health-nutrition/90-for-life.html https://www.facebook.com/pages/category/Health---wellness-website/Concierge-Health-Advisor-107270121839249/ https://youtube.com/channel/UCnRnLJSe8JymnLXyI9txJwA

Michael Mauboussin is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, and More Than You Know: Finding Financial Wisdom in Unconventional Places. Michael is currently Head of Consilient Research at Counterpoint Global. Michael has also held roles as Director of Research at BlueMountain Capital Management, he was a Managing Director and Head of Global Financial Strategies at Credit Suisse, and he was Chief Investment Strategist at Legg Mason Capital Management.  Mr. Mauboussin has been an adjunct professor of finance at Columbia Business School since 1993 and currently is Chairman of the Board of Trustees for the Sante Fe Institute. Michael's Episode Notes  Checkout my Newsletter Connect with us! Whatgotyouthere MCTco Collagen Protein Bars www.mctco.com 20% off with code “WGYT” http://michaelmauboussin.com/ Michael’s Books The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing  More Than You Know: Finding Financial Wisdom in Unconventional Places Think Twice: Harnessing the Power of Counterintuition   Michael’s Investing Essay’s

My guest today is Michael Mauboussin, an investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and serves on the board of trustees at the Sante Fe Institute (an independent, nonprofit theoretical research institute). He is managing director and head of Global Financial Strategies at Credit Suisse, where he advises clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making. The topics are his books More Than You Know and Think Twice: Harnessing the Power of Counterintuition. In this episode of Trend Following Radio we discuss: Multi-disciplinary thinking and its influence on Covel Looking at larger reference classes The Swiss Franc Mauboussin's personal take on the recent oil move Fundamentals and expectation Luck or skill when it comes to trading profits The paradox of skill, absolute, and relative skill Whether scientific principles of luck exist Defining luck utcome bias The general public perception of behavioral economics Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel speaks with Michael Mauboussin today on his second visit to the podcast. Mauboussin is an author ("More Than You Know", "Think Twice: Harnessing the Power of Counterintuition"), investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and serves on the board of trustees at the Sante Fe Institute (an independent, nonprofit theoretical research institute). He is managing director and head of Global Financial Strategies at Credit Suisse, where he advises clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making. Covel and Mauboussin discuss multi-disciplinary thinking and its influence on Covel; looking at larger reference classes; the Swiss Franc; Mauboussin’s personal take on the recent oil move; fundamentals and expectation; luck or skill when it comes to trading profits; the paradox of skill, absolute, and relative skill; whether scientific principles of luck exist; defining luck; outcome bias; and the general public perception of behavioral economics. For more information on Michael Mauboussin, visit michaelmauboussin.com. Want a free trend following DVD? Go to trendfollowing.com/win.

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Psycomedia Episode 56 – The Revenge of Frankenpodcast http://archive.org/download/PsycomediaEpisode56TheRevengeOfFrankenpodcast/PsycomediaEpisode56-TheRevengeOfFrankenpodcast.mp3 References: Atran, S., & Norenzayan, A. (2004). Religion’s evolutionary landscape: Counterintuition, commitment, compassion, communion. Behavioral and brain sciences, 27(06), 713-730. Barrett, J. L. (2008). Coding and quantifying counterintuitiveness in religious concepts: Theoretical and methodological reflections. Method & Theory in the Study of Religion, 20(4), 308-338. Boyer, […]

Psycomedia Episode 53 – The Quantum Entanglement Between Me And Kieron Gillen http://archive.org/download/PsycomediaEpisode53TheQuantumEntanglementBetweenMeAndKieronGillen/PsycomediaEpisode53-TheQuantumEntanglementBetweenMeAndKieronGillen.mp3 References: Atran, S., & Norenzayan, A. (2004). Religion’s evolutionary landscape: Counterintuition, commitment, compassion, communion. Behavioral and brain sciences, 27(06), 713-730. Barrett, J. L. (2008). Coding and quantifying counterintuitiveness in religious concepts: Theoretical and methodological reflections. Method & Theory in the Study of […]

My guest today is Michael Mauboussin, an author ("More Than You Know", "Think Twice: Harnessing the Power of Counterintuition"), investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and board of trustees at the Santa Fe Institute (an independent, nonprofit theoretical research institute).  The topic is his book The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing. In this episode of Trend Following Radio we discuss: Luck and skill, how they cross over and play off each other, and how both of those factors have played a part in both Covel and Mauboussin's careers How Mauboussin came to start working on "The Success Equation" How losing on purpose can define skill How sports can provide great examples of what Mauboussin contends regarding skill and luck The human desire and emotional need to tell stories, and how that plays into peoples' difficulty untangling skill and luck Stephen Jay Gould's notion of the .400 hitter in baseball and the paradox of skill Physical limits and improvement in skill over time Sample size issues Process vs. outcome What to do when you're the underdog and how complicating the situation can help when you're in that position Improving your guesswork on where you are in the luck-skill continuum Persistence and predictive value Building skill Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel talks with Michael Mauboussin. Mauboussin is an author ("More Than You Know", "Think Twice: Harnessing the Power of Counterintuition"), investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and serves on the board of trustees at the Santa Fe Institute (an independent, nonprofit theoretical research institute). Mauboussin joins Covel to discuss his new book, "The Success Equation: The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing". Covel and Mauboussin discuss luck and skill, how they cross over and play off each other, and how both of those factors have played a part in both Covel and Mauboussin's careers. Even though their strategies may differ, the foundational elements in Mauboussin's work applies to Covel's trend following world perfectly. Covel and Mauboussin also discuss how Mauboussin came to start working on "The Success Equation"; how losing on purpose can define skill; how sports can provide great examples of what Mauboussin contends regarding skill and luck; the human desire and emotional need to tell stories, and how that plays into peoples' difficulty untangling skill and luck; Stephen Jay Gould's notion of the .400 hitter in baseball and the paradox of skill; physical limits and improvement in skill over time; sample size issues; process vs. outcome; what to do when you're the underdog and how complicating the situation can help when you're in that position; improving your guesswork on where you are in the luck-skill continuum; persistence and predictive value; and building skill. A must read new book! Special offer new DVD: www.trendfollowing.com/win.

In episode #090, Michael J. Mauboussin discusses the role of technical competence, "counterintuition," and the application of multiple mental models to the discipline of financial analysis.