Processes not outcomes #33
I have now read a few books about behavioral economics but I never get tired of it. I read this one in May 2015 The Success Equation by Michael Mauboussin. Another good reminder once more that:
- correlation is not causality
- we must distinguish between skill and luck
- story telling is an art to which it is easy to fall prey
Watch his google talk below
My purpose in life is independence, fulfilment and a better understanding of how the world works. Like Charlie Munger, I believe in the discipline of mastering the best that other people have ever figured out. And like Sir Isaac Newton, I believe in our ability to see further than any others before us by acknowledging that we are standing on the shoulders of giants. With this blog I hope to keep track of my learning about investing, business, decision making, entrepreneurship and self development while inspiring others to do the same. For the moment the format of this blog will be one post for each book that has influenced me, but I expect it to evolve over time. Join my Journey. John.
