More Than You Know -Finding Financial Wisdom in Unconventional Places (Mauboussin, Michael J) (book)

《More Than You Know -Finding Financial Wisdom in Unconventional Places (Mauboussin, Michael J) (book)》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、MICHAELJ.MAUBOUSSINMORETHANYOUKNOWFindingFinancialWisdominUnconventionalPlacesFindingFinancialWisdomInUnconventionalPlacesMORETHANYOUKNOW12345678901234MORETHANYOUKNOW5678FindingFinancialWisdominUnconventionalPlaces92012345ColumbiaUniversityPressNewYork678930123456610-037-cmp2-001-r01.indd23/14/0611

2、:10:41AMMORETHANYOUKNOWFindingFinancialWisdominUnconventionalPlacesMichaelJ.Mauboussin610-037-cmp2-001-r01.indd33/14/0611:10:46AMColumbiaUniversityPressPublishersSince1893NewYorkChichester,WestSussexCopyright©2006MichaelJ.MauboussinAllrightsreservedLibraryofCongressCataloging-in-PublicationDataMaub

3、oussin,MichaelJ.,1964Morethanyouknow:findingfinancialwisdominunconventionalplaces/MichaelJ.Mauboussin.p.cm.Includesbibliographicalreferencesandindex.ISBN0231138709(cloth:alk.paper)1.Investments.2.InvestmentsPsychologicalaspects.3.Finance,Personal.I.Title.HG4521.M3652006332.6dc222005034238AColumbiaUni

4、versityPressbooksareprintedonpermanentanddurableacid-freepaper.PrintedintheUnitedStatesofAmericac10987654321Abalancedperspectivecannotbeacquiredbystudyingdisci-plinesinpiecesbutthroughpursuitoftheconsilienceamongthem.Suchunificationwillcomehard.ButIthinkitisinevi-table.Intellectuallyitringstrue,andi

5、tgratifiesimpulsesthatrisefromtheadmirablesideofhumannature.Totheextentthatthegapsbetweenthegreatbranchesoflearningcanbenarrowed,diversityanddepthofknowledgewillincrease.EdwardO.Wilson,ConsilienceTomyparentsWhoalwaysstoodbehindmebutwerenevertooclosecontentsAcknowledgmentsxviiIntroduction1PART1:Inves

6、tmentPhilosophyIntroduction71BetheHouse:ProcessandOutcomeinInvesting9HitMe9FromTreasurytoTreasure11PrioritizingProcess142Investing—ProfessionorBusiness?ThoughtsonBeatingtheMarketIndex15TheScoutingReport15EvaluatingtheWinners17TheInvestingProfessionVersustheInvestmentBusiness193TheBabeRuthEffect:Fre

7、quencyVersusMagnitudeinExpectedValue23BattingwiththeBabe23TheDownsideofHardwiring24Bulls,Bears,andOdds25FromOTCtoOTB26AUsefulAnalogy274SoundTheoryfortheAttributeWeary:TheImportanceofCircumstance-BasedCatego