{"id":212316,"date":"2024-09-25T11:00:00","date_gmt":"2024-09-25T15:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=212316"},"modified":"2024-10-04T13:40:52","modified_gmt":"2024-10-04T17:40:52","slug":"practical-lessons-from-michael-mauboussin","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/practical-lessons-from-michael-mauboussin\/","title":{"rendered":"Practical Lessons from Michael Mauboussin"},"content":{"rendered":"\n<p>In this episode of Two Quants and a Financial Planner, we dive deep into the investing wisdom of Michael Mauboussin, one of the most respected thinkers in finance. We revisit our interview with Michael and distill 10 key lessons that are still incredibly relevant for investors today.<\/p>\n\n\n\n<p>We explore crucial concepts like:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The difference between investing and speculating<\/li>\n\n\n\n<li>Understanding expectations investing<\/li>\n\n\n\n<li>Why fundamentals still matter, even in today\u2019s market<\/li>\n\n\n\n<li>The paradox of skill in investing<\/li>\n\n\n\n<li>How to properly use multiples in valuation<\/li>\n\n\n\n<li>The challenges of active management in an increasingly passive world<\/li>\n\n\n\n<li>The usefulness (and limitations) of market forecasts<\/li>\n\n\n\n<li>The importance of base rates in decision making<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/Yb4P-dFCz84\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;Watch on YouTube<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/practical-lessons-from-michael-mauboussin\/id1670513515?i=1000670397011\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;Listen on Apple Podcasts<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/open.spotify.com\/episode\/47ADnosL6s7hN7gfOYddkm\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;Listen on Spotify<\/a><\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted September 23, 2024 &#8211; <a href=\"https:\/\/blog.validea.com\/practical-lessons-from-michael-mauboussin\/\">Practical Lessons from Michael Mauboussin<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of Two Quants and a Financial Planner, we dive deep into the investing wisdom of Michael Mauboussin, one of the most respected thinkers in finance.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[455,13857],"tags":[789,1597,12501],"contributors-categories":[13819],"class_list":{"0":"post-212316","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-contributor-podcasts","7":"category-podcasts","8":"tag-investing","9":"tag-lessons","10":"tag-podcasts","11":"contributors-categories-validea-capital-management"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Practical Lessons from Michael Mauboussin | IBKR Podcasts<\/title>\n<meta name=\"description\" content=\"In this episode of Two Quants and a 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