1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Alex Garcia
Alex Garcia
Articles 

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 to write about his experience with Joel Greenblatt's Magic Formula.

Rating: 5.0/5 (2 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Alex Garcia


User Generated Screeners


Rob164Global Banks
sectikBBS
psinghppmsell_cbitda_bv_ftr
samahajoeBasic Materials
infoNetherlands
clemclem_99GuVGain3relaxed
kpmoranManual of ideas
MauroTNCAV micro/nano
nghassanPenny Stocks
Numanchucode:5
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)

GF Chat

{{numOfNotice}}
FEEDBACK