Michael J. Mauboussin Quote

When luck plays a part in determining the consequences of your actions, you don't want to study success to learn what strategy was used but rather study strategy to see whether it consistently led to success.

Michael J. Mauboussin

When luck plays a part in determining the consequences of your actions, you don't want to study success to learn what strategy was used but rather study strategy to see whether it consistently led to success.

Related Quotes

About Michael J. Mauboussin

Michael J. Mauboussin (born February 1964) heads consilient research at Morgan Stanley division Morgan Stanley Investment Management's Counterpoint Global, an open-end mutual fund. Previously, he was director of research at BlueMountain Capital and head of global financial strategies at Credit Suisse, where he advised clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making. He is also an adjunct professor of finance at the Columbia Business School and serves as chairman emeritus of the board of trustees at the Santa Fe Institute, a multi-disciplinary research center for complex adaptive systems, after serving as its chairman from 2012 until retiring in May 2021.