Michael Mauboussin
17 statements across 2 episodes · 6 bullish · 2 bearish · 1 people on the record · first statement Apr 28, 2015 by Michael Mauboussin · said 8 times in 4 episodes since 2015 · across every show →
On the record as a speaker too: Michael Mauboussin's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Bill Gurley (4), Jason Zweig (2), Josh Wolfe (1), Brent Gilchrist (1)
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2026 4 mentions in 1 episode
2019 2 mentions in 2 episodes 1 per episode
2015 2 mentions in 1 episode
Everything said about Michael Mauboussin, oldest first
Apr 28, 2015
Apr 28, 2015
Mauboussin: Decision-makers must start with base rates before intuition
“You should always start with the base rate, sort of the statistical approach, and then layer in your intuition. So he called it disciplined intuition. And, ah, otherwise, if you go with your intuition first, you're going to seek out, right, you're going to see…”
Apr 28, 2015
Mauboussin: Weaker players should multiply battlefields while stronger players simplify
“The simple rules, by the way, is if you're the stronger player,
What you want to do in a head-to-head competition, what you want to do is simplify the game.
In other words, have as few battlefields as possible, so you're almost assured that your skill will ove…”
Apr 28, 2015 positive
Apr 28, 2015
Mauboussin: Intuition fails in unstable, non-linear environments
“The key characteristic is gonna work in what I would call stable, linear environments. Stable, linear environments. Athletics would be another example. For history, for long parts of history, it was in warfare. Certain elements of warfare would work. But if yo…”
Apr 28, 2015
Apr 28, 2015 positive
Mauboussin: Mental recall is significantly better with physical books than e-readers
“As for reading and I don't know if this is a generational thing, but I still prefer physical books to reading on the Kindle, so I might read on the Kindle on a plane or something, but usually I'll do shorter reads versus long reads, but mostly I like physical …”
Apr 28, 2015 positive
Mauboussin Recommends Mortimer Adler's 'How to Read a Book' Framework
“But most of the books, you know, the great book, how to read a book, you know, is, is what I would recommend most people do in talking about different levels of attention that you would Mortimer Adler, different levels of attention you might pay to different t…”
Apr 28, 2015 positive
Jan 23, 2018
Mauboussin: Base rates rule luck-driven domains; inside views rule skill domains
“And the basic heuristic on this is that if there's a lot of luck, A lot of randomness. You should rely exclusively or almost exclusively on the base rate. If there's a lot of skill, you should rely almost exclusively on the inside view, right? On, on your own …”
Jan 23, 2018 negative
Mauboussin: The majority of corporate executives rely on intuition for decisions
“And, you know, one of the things that I've always found to be fascinating and actually somewhat disconcerting is that many executives will say that they, and by the way, majority of executives will say that they rely or lean on their intuitions for making thei…”
Jan 23, 2018
Mauboussin: In luck-driven domains, evaluation must focus on process over outcomes
“If you are operating in this completely skilled, dominated domain, outcomes are all you really need to know about, right? And so to your point, if you're performing well or performing poorly, that's almost a pure reflection of your skill. And in those domains …”
Jan 23, 2018 negative
Mauboussin: Only pay for franchise value in stable, low-churn industries
“You don't want to pay for you know, huge amount of competitive advantage.
In an industry where there's a ton of entry and exit, where market shares are very volatile, and by contrast, you might be much more willing to pay for franchise value for an industry w…”
Jan 23, 2018
Mauboussin: Intuition can only be developed in stable, linear environments
“And I think the general rule is intuition can be developed in realms that are stable and linear. So if there's a repeated pattern and things don't change that much, you can train your intuition. You have to train it, but you can train your intuition. It can be…”
Jan 23, 2018 positive
Mauboussin: Most gifted books are by Pinker, Wilson, and Menand
“You know, usually the books that I give away are it's usually a little trio. C. Pinker's book, How the Mind Works. E.L. Wilson's book, Consilience. And the third book is The Metaphysical Club. So those tend to be the three books that, if you said to me, and I …”
Jan 23, 2018 positive
Mauboussin: Overcome algorithm aversion by allowing minor human adjustments
“And it turns out, they said, there's a way to overcome this which I think makes enormous amounts of sense. And they said, the way you overcome this is you say to people, you're going to, your first answer is going to be what the algorithm tells you, right? Jus…”
Jan 23, 2018
Mauboussin: Kahneman Noise Study Found 40% to 60% Decision Variance
“And they first went to their managers and they said, Hey, you know how much variance do you expect in these outcomes? Right? Again, playing the same way, same software and so forth. And the manager said, you know, a priority, you know, five to 10% variance. So…”