[REPLAY] Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
Capital Allocators – Inside the Institutional Investment Industry
Embrace Diversity and Rationality for Success
People from diverse and unconventional backgrounds often contribute unique perspectives and success in various fields, particularly in finance and allocation. It's crucial to assess individuals not only based on traditional metrics like IQ but also on their rational decision-making capabilities, which Keith Stanovich defines as the rationality quotient. This combination of diverse backgrounds and rational thinking may represent an optimal formula for achieving success in complex environments. Additionally, low market volatility raises concerns, indicating potential underlying risks that merit attention.
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