MI364: Lessons From Michael Mauboussin w/ Shawn O'Malley

In this episode of the Millennial Investing Podcast, Shawn O'Malley reviews Michael Mauboussin's book, "More Than You Know," which is divided into four essays: investment philosophy, the psychology of investing, innovation and competitive strategy, and science and complexity theory. O'Malley summarizes each essay, sharing insights on multidisciplinary thinking, the stock market as a complex adaptive system, the importance of a sound investment process over short-term results, psychological biases impacting investors, the accelerating pace of innovation, and the role of extreme events in driving market changes. The review emphasizes the need to understand the context, adapt to change, and avoid common pitfalls in investment decision-making.