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Chat With Traders

121: Michael Mauboussin – Tactics for Better Decision Making, and Skill Versus Luck

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 20 April 2017

⏱️ 57 minutes

🧾️ Download transcript

Summary

Michael Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. He’s also a professor of finance at Columbia Business School, and the author of several books, such as; The Success Equation and More Than You Know. Michael is widely-recognized as a thought leader on the subject of decision making, as well as thinking about things in the way of process over outcome, and skill vs luck. And it’s these three things which are the over-arching theme of this episode. So hopefully, you’ll pick up a few good tips from Michael, that will help to improve your ability of making better decisions (and creating better processes) as a trader. -- Sponsored by TradeStation.com: Open an account with online broker, TradeStation, to enjoy; low-cost commissions, no software fees, free real-time data and free professional-grade scanning tools. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Chat with traders is brought to you by Trade the Pool.

0:03.6

Is a lack of buying power, capital, or fear of losing your own money, preventing you from

0:08.8

taking your trading to the next level?

0:11.0

Trade the Pool is an online stock trading prop firm that funds stock traders.

0:16.3

You show them your skills, trade their capital, and keep your profits.

0:20.8

You can trade any stock or ETF in the US markets.

0:23.5

The process is simple.

0:24.8

Pay for an evaluation fee, pass the evaluation, and get funded.

0:29.0

Visit tradethepool.com-forge-chat to learn more.

0:35.7

Chat with traders is also brought to you by the Chat with traders' community.

0:39.5

We'll keep this announcement short.

0:41.2

We just want you to visit chatwithtraders.com-community to learn more about what our community is all about.

0:47.5

Thank you, and we wish you all the best in your trading journey.

0:54.1

This is the Chat with traders' podcast hosted by Aaron Feifield.

1:01.1

Hey crew, what's up?

1:04.1

I hope you're doing fantastic.

1:06.1

This week's episode 121, I have with me here, Michael Mobison.

1:12.1

Michael is a managing director and head of global financial strategies at Credit Suisse.

1:18.1

He's also a professor of finance at Columbia Business School and the author of several books,

1:24.1

such as the Success Equation and More Than You Know.

1:29.1

Michael is widely recognised as a thought leader on the subject of decision-making,

1:34.1

as well as thinking about things in the way of process, over-outcome, and skill versus luck.

...

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