5min chapter

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Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More

Acquired

CHAPTER

How Should You Think About Base Rates?

The difference between great and average investors is the quality of their decision making. How should people think about that? This has been nary i've been fascinated by. The idea is to maintain an open ended understanding of how things might unfold. There are a number of tools, ill i rattle them off very quickly. Most of em are about opening up your mind and one of em is about feedback.

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