Success Equation : Untangling Skill and Luck in Business, Sports, and Investing

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Características del artículo

Estado
Como nuevo: Libro en perfecto estado y poco leído. La tapa no tiene desperfectos y si procede, con ...
ISBN
9781422184233

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Product Identifiers

Publisher
Harvard Business Review Press
ISBN-10
1422184234
ISBN-13
9781422184233
eBay Product ID (ePID)
113309579

Product Key Features

Book Title
Success Equation : Untangling Skill and Luck in Business, Sports, and Investing
Number of Pages
320 Pages
Language
English
Publication Year
2012
Topic
Personal Growth / General, Decision-Making & Problem Solving, Statistics
Illustrator
Yes
Genre
Self-Help, Education, Business & Economics
Author
Michael J. Mauboussin
Format
Hardcover

Dimensions

Item Height
1.1 in
Item Weight
19.5 Oz
Item Length
9.2 in
Item Width
6.1 in

Additional Product Features

Intended Audience
Trade
LCCN
2012-018975
Dewey Edition
23
Reviews
"Mauboussin excels at explaining his ideas, many of which are based on complex neuroscience in accessible terms, using case studies and examples from investing decisions, college rankings, and hospital procedures." -- Publishers Weekly "For investors who don''t mind wading into some technical weeds, though, Mauboussin suggests some concrete tools." -- U.S. News & World Report "In dealing with success and luck Mauboussin presents a useful model." -- Eric Falkenstein, Seeking Alpha "I just finished reading the most enjoyable business book I've read in a long time - although relegating '' The Success Equation ,'' by Legg Mason Chief Investment Strategist Michael J. Mauboussin to this category would be a grave disservice, significantly understating its sophistication and selling short its achievement." -- David A. Shaywitz on Forbes.com "Fascinating. Michael Mauboussin''s insights into the relationship between skill and luck are clearly and simply explained, relentlessly logical and often counter-intuitive. This makes for great reading and provides powerful tools for understanding sports and markets. Anyone who wants to understand sport or business beyond the platitudes and assumptions routinely trotted out as expert analysis should read this book." -- Ivan Gazidis, Chief Executive Officer, Arsenal Football Club "If you liked Michael Lewis's Moneyball , with it's mix of data and great storytelling, you'll very much enjoy Michael Mauboussin's Success Equation ." -- Jack Covert, 800 CEO READ "Michael J. Mauboussin is always worth reading. ... almost everyone will find something in this book that either he hadn''t thought about before, or that he thought about incorrectly." -- Brenda Jubin, Seeking Alpha Advance Praise for The Success Equation Philip Tetlock, Leonore Annenberg University Professor, Wharton School and School of Arts and Sciences, University of Pennsylvaa&lvania; author, Expert Political Judgment -- "Mauboussin seems to know everything there is to know about how to skillfully disentangle skill from luck. He also knows how easy it is to botch the job and has great stories--from music studios to baseball dugouts to the New York Stock Exchange--that bring statistical abstractions to life." Howard Marks, Chairman and cofounder, Oaktree Capital Manament≥ author, The Most Important Thing -- "In The Success Equation , Michael Mauboussin helps us understand the difference between skill and luck and, importantly, how to tell how much each contributed to a given outcome. He reminds us that in fields where luck plays a big part, like investing, outcomes are of limited relevance in assessing performance. And, indispensably, he points out how important it is for practitioners 'to develop an attitude of equanimity toward luck.' I love that!" James Montier, GMO; author, The Little Book of Behavioral Investing -- " The Success Equation is a brilliant and insightful book packed with interesting anecdotes and rigorous analysis. Anyone dealing in fields that blend some combination of luck and skill--which is most of us--will find their understanding enhanced by reading it. The central role of process in such environments is often underestimated. This book helps redress the balance." Paul DePodesta, Vice President of Player Development and Scouting, New York Mets-- "Few people acknowledge or care to accept the central role that luck plays in our lives. Michael Mauboussin not only understands the separation between skill and luck, but more importantly, provides a mental framework to deal with the reality. This is an important read.", "Mauboussin excels at explaining his ideas, many of which are based on complex neuroscience in accessible terms, using case studies and examples from investing decisions, college rankings, and hospital procedures." -- Publishers Weekly Advance Praise for The Success Equation Philip Tetlock, Leonore Annenberg University Professor, Wharton School and School of Arts and Sciences, University of Pennsylvaa&lvania; author, Expert Political Judgment -- "Mauboussin seems to know everything there is to know about how to skillfully disentangle skill from luck. He also knows how easy it is to botch the job and has great stories--from music studios to baseball dugouts to the New York Stock Exchange--that bring statistical abstractions to life." Howard Marks, Chairman and cofounder, Oaktree Capital Manament≥ author, The Most Important Thing -- "In The Success Equation , Michael Mauboussin helps us understand the difference between skill and luck and, importantly, how to tell how much each contributed to a given outcome. He reminds us that in fields where luck plays a big part, like investing, outcomes are of limited relevance in assessing performance. And, indispensably, he points out how important it is for practitioners 'to develop an attitude of equanimity toward luck.' I love that!" James Montier, GMO; author, The Little Book of Behavioral Investing -- " The Success Equation is a brilliant and insightful book packed with interesting anecdotes and rigorous analysis. Anyone dealing in fields that blend some combination of luck and skill--which is most of us--will find their understanding enhanced by reading it. The central role of process in such environments is often underestimated. This book helps redress the balance." Paul DePodesta, Vice President of Player Development and Scouting, New York Mets-- "Few people acknowledge or care to accept the central role that luck plays in our lives. Michael Mauboussin not only understands the separation between skill and luck, but more importantly, provides a mental framework to deal with the reality. This is an important read.", Advance Praise for The Success Equation Philip Tetlock, Leonore Annenberg University Professor, Wharton School and School of Arts and Sciences, University of Pennsylvaa&lvania; author, Expert Political Judgment -- "Mauboussin seems to know everything there is to know about how to skillfully disentangle skill from luck. He also knows how easy it is to botch the job and has great stories--from music studios to baseball dugouts to the New York Stock Exchange--that bring statistical abstractions to life." Howard Marks, Chairman and cofounder, Oaktree Capital Manament≥ author, The Most Important Thing -- "In The Success Equation , Michael Mauboussin helps us understand the difference between skill and luck and, importantly, how to tell how much each contributed to a given outcome. He reminds us that in fields where luck plays a big part, like investing, outcomes are of limited relevance in assessing performance. And, indispensably, he points out how important it is for practitioners 'to develop an attitude of equanimity toward luck.' I love that!" James Montier, GMO; author, The Little Book of Behavioral Investing -- " The Success Equation is a brilliant and insightful book packed with interesting anecdotes and rigorous analysis. Anyone dealing in fields that blend some combination of luck and skill--which is most of us--will find their understanding enhanced by reading it. The central role of process in such environments is often underestimated. This book helps redress the balance." Paul DePodesta, Vice President of Player Development and Scouting, New York Mets-- "Few people acknowledge or care to accept the central role that luck plays in our lives. Michael Mauboussin not only understands the separation between skill and luck, but more importantly, provides a mental framework to deal with the reality. This is an important read."
TitleLeading
The
Dewey Decimal
650.1
Synopsis
What role, exactly, do skill and luck play in our successes and failures? Some games, like roulette and the lottery, are pure luck. Others, like chess, exist at the other end of the spectrum, relying almost wholly on the skill of the players. But in every other domain--from business, to investing, to sports--skill and luck seem almost hopelessly entangled. In his provocative new book, Michael Mauboussin untangles the intricate strands of skill and luck, defines them, and provides useful frameworks for analyzing their relative contributions., "Much of what we experience in life results from a combination of skill and luck." -- From the Introduction The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each--and how we can learn to tell the difference ahead of time . In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives--yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions. In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions. The Success Equation helps us move toward this goal by: * Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant * Helping us develop the analytical tools necessary to understand skill and luck * Offering concrete suggestions about how to take these findings and put them to work Showcasing Mauboussin's trademark wit, insight, and analytical genius, The Success Equation is a must-read for anyone seeking to make better decisions--in business and in life., "Much of what we experience in life results from a combination of skill and luck." -- From the Introduction The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each--and how we can learn to tell the difference ahead of time . In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives--yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions. In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions. The Success Equation helps us move toward this goal by: - Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant - Helping us develop the analytical tools necessary to understand skill and luck - Offering concrete suggestions about how to take these findings and put them to work Showcasing Mauboussin's trademark wit, insight, and analytical genius, The Success Equation is a must-read for anyone seeking to make better decisions--in business and in life.
LC Classification Number
BF637.S8M34125 2012

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