More Than You Know

by Michael J Mauboussin

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  Madden, Bartley J., Michael J. Mauboussin, John D. Lagerman, and Samuel T. Eddins. “Business Strategy/Life Cycle Framework: Positioning Firm Strategy as the Primary Cause of Long-Term CFROIs and Asset Growth Rates.” Credit Suisse First Boston Equity Research, April 22, 2003.

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  ——. “Long Strange Trip: Thoughts on Stock Market Returns.” Credit Suisse First Boston Equity Research, January 9, 2003.

  ——. “Measuring the Moat: Assessing the Magnitude and Sustainability of Value Creation.” Credit Suisse First Boston Equity Research, December 16, 2002.

  ——. “Puggy Pearson’s Prescription.” The Consilient Observer 1, no. 11 (June 2002).

  ——. “Revisiting Market Efficiency: The Stock Market as a Complex Adaptive System.” Journal of Applied Corporate Finance 14, no. 4 (Winter 2002): 47-55.

  ——. “Whither Enron: Or—Why Enron Withered.” The Consilient Observer 1, no. 1 (January 2002).

  Mauboussin, Michael J., and Alexander Schay. “Fill and Kill: Succeeding with Survivors Is Nothing New.” Credit Suisse First Boston Equity Research, April 5, 2001.

  ——. “Innovation and Markets: How Innovation Affects the Investing Process.” Credit Suisse First Boston Equity Research, December 12, 2000.

  Mauboussin, Michael J., Alexander Schay, and Stephen G. Kawaja. “Network to Net Worth: Exploring Network Dynamics.” Credit Suisse First Boston Equity Research, May 11, 2000.

  Mauboussin, Michael J., Alexander Schay, and Patrick McCarthy. “Competitive Advantage Period: At the Intersection of Finance and Competitive Strategy.” Credit Suisse First Boston Equity Research, October 4, 2001.

  Mauboussin, Michael J., Bob Hiler, and Patrick J. McCarthy. “The (Fat) Tail that Wags the Dog.” Credit Suisse First Boston Equity Research, February 4, 1999.

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  ——. “The Economics of Short-Term Performance Obsession.” Financial Analysts Journal 61, no. 3 (May-June 2005): 65-79.

  Rappaport, Alfred, and Michael J. Mauboussin. Expectations Investing: Reading Stock Prices for Better Returns. Boston: Harvard Business School Press, 2001.

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  ——. “Pitfalls to Avoid.” http://www.expectationsinvesting.com/pdf/pitfalls.pdf.

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  ——. “Rational Infinitely-Lived Asset Prices Must be Non-Stationary.” Working Paper, November 1, 2000.

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  Steinhardt, Michael. No Bull: My Life In and Out of Markets. New York: John Wiley & Sons, 2001.

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  Further Reading

  INVESTMENT PHILOSOPHY

  Fisher, Philip A. Common Stocks and Uncommon Profits. New York: Wiley, 1996.

  Graham, Benjamin. The Intelligent Investor: A Book of Practical Counsel. New York: McGraw Hill, 1985.

  Lewis, Michael. Moneyball: The Art of Winning an Unfair Game. New York: W. W. Norton, 2003.

  Poundstone, William. Fortune’s Formula: The Untold Story of the Scientific System That Beat the Casinos and Wall Street. New York: Hill and Wang, 2005.

  Rappaport, Alfred. “The Economics of Short-Term Performance Obsession.” Financial Analysts Journal 61, no. 3 (May/June 2005): 65-79.

  Rubin, Robert E., and Jacob Weisberg. In an Uncertain World: Tough Choices from Wall Street to Washington. New York: Random House, 2003.

  Sklansky, David. Getting the Best of It. 2nd ed. Henderson, Nev.: Two Plus Two Publishing, 1997.

  Szenberg, Michael, ed. Eminent Economists: Their Life and Philosophies. Cambridge: Cambridge University Press, 1992.

  PSYCHOLOGY OF INVESTING

  Chancellor, Edward. Devil Take the Hindmost: A History of Financial Speculation. New York: Farrar, Strauss & Giroux, 1999.

  Csikszentmihalyi, Mihaly. Creativity: Flow and the Psychology of Discovery and Invention. New York: HarperCollins, 1996.

  Gilbert, Daniel. Stumbling on Happiness. New York: Alfred A. Knopf, 2006.

  Gladwell, Malcolm. Blink: The Power of Thinking Without Thinking. New York: Little, Brown, 2005.