121: Michael Mauboussin – Tactics for Better Decision Making, and Skill Versus Luck
Chat With Traders
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The Importance of Understanding Long Term Patterns
When did you begin thinking in terms of skill and luck? I'm just curious. Like was there an event or was there something that triggered you to think this way? Because many people don't think this way. Yeah, no, it is a tough one. Let's talk about skill versus luck. This is something you've also written about extensively and you talk about frequently. And I have to say if there was a triggering event for my thinking more deeply about luck and skill is Moneyball back in 2003.
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