Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More

We sit down with the one & only Michael Mauboussin to dive
deep into his incredible body of work: untangling skill and luck,
measuring moats, persistence of returns in venture capital,
decision making and — particularly timely — expectations
investing and how to think about valuations in the current 2021
market environment. (!!) Michael's work is maybe our most
frequent carve out on Acquired, so we're pumped to finally have a
chance to interview the man himself. Big thank you to Patrick
O'Shaughnessy and Brent Beshore for introducing us all at Capital
Camp this year! 





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Links:


Michael's wonderful talk at Google:
https://youtu.be/1JLfqBsX5Lc

The new revised edition of Expectations Investing:
 https://www.amazon.com/Expectations-Investing-Reading-Returns-Heilbrunn/dp/0231203047/

The Success Equation:
 https://www.amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234/

Measuring the Moat:
 https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&sourceid=csplusresearchcp&document_id=1066439791&serialid=4uA2wHojCvFKzqWfwIyDvkSN1pkXRpb43LvyclLcJsk%3D&cspId=null

Public to Private Equity:
 https://www.morganstanley.com/im/publication/insights/articles/articles_publictoprivateequityintheusalongtermlook_us.pdf



 ‍Note: Acquired hosts and guests may hold assets discussed
in this episode. This podcast is not investment advice, and is
intended for informational and entertainment purposes only. You
should do your own research and make your own independent
decisions when considering any financial transactions.