Luck, Skill, and Behavioral Biases

In Episode #330, Michael J. Mauboussin, author of The Success Equation, considers the continuum between luck and skill as it pertains to investing. He also shares his thoughts on the price/earnings multiple as a valuation tool, the hallmarks of an effective investment process, and how professional investors might mitigate some of the most common behavioral biases.

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This episode is 7 minutes long.

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This episode was published on May 1, 2018.

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