Week 5, Day 4
Theme: Analytic Errors
This week's theme is mistakes. Today we look into how people make decisions and you have a choice.
WATCH Choice 1: Think Twice: Michael Mauboussin at CEP 2011 Streamed
READ Choice 2: Think Twice A cautionary tale for investors 70 KB
'Michael Mauboussin's 'Think Twice': A cautionary tale for investors' article by Vishesh Kumar, on the AOL DailyFinance site, August 2009. Available on AOL here.
READ Choice 3: Think Twice: Harnessing the Power of Counterintuition To buy
??? hours. How fast can you read 204 pages?
'Think Twice: Harnessing the Power of Counterintuition' by Michael Mauboussin Chief Investment Strategist at Legg Mason Capital Management and adjunct professor of finance at Columbia Business School, hardcover book published by Harvard Business School Press, October, 2009, 204 pages. Available to purchase on Amazon.
Key takeout: Fascinating insight into how we make decisions - especially insightful on the subject of mistakes and experts. Choice 1, the video, is a great way to be introduced to Mauboussin's ideas. Choice 2 is the one to take if you really can't spend half an hour watching choice 1. Choice 3 is something to keep in mind. Now go out and read the book!
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