AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
20min chapter
Michael Mauboussin – Market Concentration, Buybacks & Luck vs. Skill
The Investors First Podcast
Skill, Luck, and Market Success
The chapter explores the interplay between skill and luck in market success, drawing from examples in baseball and literature like 'Moneyball' and 'Fool by Randomness'. It discusses how increased skill can amplify the role of luck, affecting the outcomes of active managers in public markets. The chapter also delves into market concentration, indexing strategies, the evolution of the S&P business, and the shift of active management talent to private markets amidst the rise of index investing.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode