The Investing Mind: A Guide to the Principles and Processes of Successful Investing

“If you are curious how the greatest investors ‘think differently’ than everyone else, this book is a must read.” ―Bill Gurley, Founder and President, P3 Institute, and Author, Runnin' Down a Dream

“Successful investors follow intellectually sound and repeatable processes that become their North Star. Time spent reading this book may help you find yours.” ―Seth Klarman, CEO and Portfolio Manager, The Baupost Group

“Michael Mauboussin presents a comprehensive and uniquely clear set of guides for improving investment performance.” ―Alfred Rappaport, Author, Creating Shareholder Value

“Michael Mauboussin is one of the leading observers of market behavior and the human element behind it.” ―Howard Marks, Co-Founder and Co-Chairman, Oaktree Capital Management

“A superb combination of delightfully easy reading and great expertise.” ―Charles D. Ellis, Founder, Greenwich Associates

"The product of a union between Benjamin Graham's The Intelligent Investor and a compendium of Warren Buffett's letters." ―Richard Zeckhauser, Frank P. Ramsey Professor of Political Economy, Harvard University

"The Investing Mind has everything a thoughtful investor needs to include in their wheelhouse for making decisions." ―Robert Hagstrom, Author, The Warren Buffett Way

“I love the way Michael Mauboussin thinks. This book distills 40 years of investing experience into a few hundred pages.” ―Barry Ritholtz, Chairman and CIO, Ritholtz Wealth Management

“A masterclass in making better decisions under uncertainty.” ―Alex Edmans, Professor of Finance, London Business School and Author, Madness of Markets

“Michael Mauboussin is the great fox of modern markets―and the clearest thinker anywhere on skill, luck, and decisions.” ―Philip E. Tetlock, Penn-Integrates-Knowledge Professor, School of Arts and Sciences & Wharton

“In The Investing Mind, Michael Mauboussin turns decades of insight into a practical operating system for thinking probabilistically, beating back bias, and knowing the game you are playing.” ―Annie Duke, Author, Thinking In Bets, How To Decide, and Quit

Michael J. Mauboussin is Head of Consilient Research at Counterpoint Global, an active fundamental equity team at Morgan Stanley Investment Management, based in New York. Previously, he was Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Management. Mr. Mauboussin joined Credit Suisse in 1992 as a packaged food industry analyst and was named Chief U.S. Investment Strategist in 1999.

Mr. Mauboussin is the author of four books, The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, More Than You Know: Finding Financial Wisdom in Unconventional Places, and The Investing Mind: A guide to the principles and process of successful investing. He is also co-author, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns.