Two Quants and a Financial Planner Practical Lessons from Michael Mauboussin
Sep 23, 2024
Michael Mauboussin, a respected thinker in finance, shares his invaluable investing insights. The discussion clarifies the differences between investing and speculating, emphasizing long-term value strategies. Mauboussin introduces expectation investing, offering a three-step evaluation method for stock prices. He also delves into the complexities of valuation multiples and the competitive landscape between active and passive investing. Additionally, he sheds light on navigating expected returns with a focus on probabilistic thinking and the relevance of historical data.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Intro
00:00 • 2min
Investing vs. Speculation
01:31 • 6min
Understanding Expectation Investing
07:50 • 20min
Understanding Subscription Business Models and Investor Relations
28:11 • 2min
Understanding Valuation Multiples
30:33 • 5min
The Rise of Passive Investing and Its Impact
35:15 • 12min
Navigating Expected Returns in Investing
47:08 • 15min