Bill Gurley, a General Partner at Benchmark with a tech investing background, teams up with Michael Mauboussin, Head of Consilient Research at Counterpoint Global, to explore fundamental investment topics. They delve into the implications of AI and regulatory capture, discussing innovations that disrupt or sustain markets. Their conversation covers venture capital dynamics amid major tech layoffs and highlights the need for a balanced investment mindset. They also reflect on the influence of intellectual giants and the transformative power of teaching and writing.

Michael Mauboussin, Head of Consilient Research at Morgan Stanley, is a renowned expert in investing and decision-making. In this discussion, he explores the intersection of finance and complexity, emphasizing the value of interdisciplinary approaches. Michael shares insights on decision-making principles, highlighting intuition and cognitive diversity. He also delves into the psychology of investors, the significance of base rates, and the dynamics between public and private equity, offering a wealth of knowledge for both novice and seasoned investors.

This recap features Dr. Andrew Huberman, a Stanford neuroscientist who delves into mental well-being through sleep and nutrition. Michael Mauboussin, a financial expert, shares insights on accountability in wealth creation and the importance of knowledge over materialism. Performance coach Kelly Starrett discusses the synergy of mobility and fitness, offering tips for elite athletes. Together, they explore self-care, the complexities of decision-making, and the intriguing connections between nutrition and physical performance, making for a thought-provoking conversation.

Michael Mauboussin, Head of Consilient Research at Counterpoint Global, shares his insights into the intricate dance between skill and luck in investing. He discusses the critical concept of expectations investing, urging listeners to adapt their strategies in a rapidly changing market. Mauboussin also highlights the importance of understanding intangible assets and critiques traditional valuation methods. Listeners can learn how mental models and decision-making quality define successful investors, as well as the evolving dynamics of venture capital.

Cameron sits down with Michael Mauboussin, Head of Consilient Research at Counterpoint Global and an adjunct professor at Columbia Business School. They delve into the essential job of equity investors, discussing how market expectations can shape valuation outcomes. The importance of intangible assets in investing is highlighted, as well as the shift in private equity landscapes. Michael challenges traditional views on dividends and examines the implications of index funds on market dynamics, emphasizing the need for a deeper understanding of today’s investment strategies.

Michael Mauboussin, Head of Consilient Research at Counterpoint Global, is renowned for his insights into market share and capital allocation. In this conversation, he dives into the evolving landscape of market share dynamics, examining monopolistic trends with examples from tech giants like Google. He also discusses the critical importance of return on invested capital (ROIC) in evaluating business performance. Moreover, the impact of artificial intelligence on market dynamics is explored, highlighting its potential to disrupt traditional investment frameworks.

Michael Mauboussin, Head of Consilient Research at Counterpoint Global, shares insights on market concentration and capital allocation. He delves into the implications of stock buybacks and how these financial strategies impact shareholder value. The discussion highlights attributes of successful investors and lessons from figures like Elon Musk. Mauboussin also examines the investment landscape shaped by emerging technologies such as AI, stressing the need for adaptability in modern value investing amid evolving market dynamics.

Michael Mauboussin, Head of Consilient Research at Counterpoint Global and acclaimed author, shares insights on investment decision-making. He emphasizes creating safe environments for diverse opinions within teams to enhance decision quality. The discussion highlights the complexity of distinguishing luck from skill, encouraging investors to reflect on their biases. Mauboussin also stresses understanding economic models in venture capital and the importance of personal health practices for cognitive performance, while continuously learning from one’s experiences.

Barry Ritholtz discusses contrarian investing with Michael J. Mauboussin, Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management. They explore the challenges of going against the crowd, the role of asset prices in decision-making, and the importance of diversity and incentives. They also discuss the evolutionary reasons behind conformity, the use of violent metaphors in contrarian investing, and the impact of investor expectations on this strategy.

Michael Mauboussin, Head of Consilient Research at Counterpoint Global, specializes in valuing intangible assets. He dives into the differences between traditional and modern valuations, particularly in tech stocks. The discussion covers how accounting changes affect investor perceptions and the complexities of valuing major firms like Microsoft. Mauboussin also unpacks the challenges of valuing these assets in mergers and acquisitions, emphasizing the need for a nuanced understanding of revenue generation and market behavior.