More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded)
by Michael J. Mauboussin
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Book Summary Information
Author: Michael J. MauboussinEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2007-09-26
ISBN: 0231143729
Number of pages: 320
Publisher: Columbia University Press
Book Reviews of More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded)
Book Review: Economic essays offer expert insight
Summary: 5 Stars
This book began as a series of 50 short essays Michael J. Mauboussin wrote for investors. He advocates using a multidisciplinary perspective to try to understand how markets behave. By its nature as a collection of essays, this book is capricious and desultory, jumping around from subject to subject. The essays do not necessarily relate to each other, but that has some advantages, given the author's belief in multiple analyses. His book is not the place to seek a sound, consistently argued theory about why the market does what it does. On the contrary, Mauboussin repeatedly contends that no one really understands why the market acts the way it acts. In fact, he says, attempts to explain it often rely on patterns that aren't really there. We highly recommend this book as an excellent antidote for the disease of being overconfident about the wisdom of prevailing financial and economic opinions.
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