Prior to joining BlueMountain, Michael Maboussin was Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Management. Michael Maboussin is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing (Harvard Business Review Press, 2012), Think Twice: Harnessing the Power of Counterintuition (Harvard Business Press, 2009) and More Than You Know: Finding Financial Wisdom in Unconventional Places-Updated and Expanded (New York: Columbia Business School Publishing, 2008). Adjunct professor of finance at Columbia Business School since 1993, and on the faculty of the Heilbrunn Center for Graham and Dodd Investing.
Michael Maboussin spoke about “Building an effective team”
“How big should a team be? How do we assemble it? And how do we manage it?”
“COGNITIVE decision-making is the key. I only know of ONE comprehensive paper that studied this. Cognitive diversity added alpha. Social category added zero. Though there is a correlation between social category and cognitive.”
“Analysts who know the most about a situation have to unlearn the most when the world changes. I recommend to read the Psychology of Intelligence Analysis, published by the FBI and available on the Internet.”