10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

The largest discount in the last 10 years

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Michael Mauboussin- Untangling Skill and Luck

August 09, 2010
A great article by Michael Mauboussin, Chief Investment Strategist at Legg Mason Capital Management, on separating skills and luck in the finance field and how to think about outcomes. Among the things he talks about is the key features of skill in the investment business. The paper is roughly 27 pages long but talks about interesting things such as mutual fund streaks (I wonder if he thinks Bill Miller's streak was skill or luck) and reversion to the mean in the mutual fund industry.

Untangling Skill and Luck - Michael Mauboussin

About the author:

Alex Garcia
Alejandro Garcia, B.S. Business Admin-Option in Finance, is a private value investor who uses his blog as a means to write about his experience with Joel Greenblatt's Magic Formula

Visit Alex Garcia's Website


Rating: 5.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK