More than you know

Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor.Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad range of fields, such as casino gambling, horse racing, and evolutionary biology. For this edition, he includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings.More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. It shows how a multidisciplinary approach that pays close attention to process and the psychology of decision-making offers the best chance for longterm financial results.Michael J. Mauboussin is chief investment strategist at Legg Mason Capital Management and an adjunct professor at Columbia Business School. He is the author (with Alfred Rappaport) of ExpectationsInvesting: Reading Stock Prices for Better Returns.