Michael J. Mauboussin (born February 1964) heads consilient research at

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

division Morgan Stanley Investment Management's Counterpoint Global, an open-end

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV ...

. Previously, he was director of research at

BlueMountain Capital Assured Investment Management previously BlueMountain Capital Management and Assured Guaranty, is a diversified alternative asset manager founded in 2003 based in the United States'. Company BlueMountain was formed in 2003 with offices in New Yo ...

and head of global financial strategies at Credit Suisse, where he advised clients on valuation and

portfolio Portfolio may refer to: Objects * Portfolio (briefcase), a type of briefcase Collections * Portfolio (finance), a collection of assets held by an institution or a private individual * Artist's portfolio, a sample of an artist's work or a c ...

positioning,

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers ...

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 The Santa Fe Institute (SFI) is an independent, nonprofit theoretical research institute located in Santa Fe, New Mexico, United States and dedicated to the multidisciplinary study of the fundamental principles of complex adaptive systems, inclu ...

, a multi-disciplinary research center for

complex adaptive systems A complex adaptive system is a system that is '' complex'' in that it is a dynamic network of interactions, but the behavior of the ensemble may not be predictable according to the behavior of the components. It is '' adaptive'' in that the indiv ...

, after serving as its chairman from 2012 until retiring in May 2021.

Career

Mauboussin first joined

Credit Suisse First Boston Credit Suisse First Boston (also known as CSFB and CS First Boston) is the investment banking affiliate of Credit Suisse headquartered in New York. The company was created by the merger of First Boston Corporation and Credit Suisse Group in 1988 ...

(CSFB) in 1992 as a packaged food

industry analyst An industry analyst performs primary and secondary market research within an industry such as information technology, consulting or insurance. Analysts assess sector trends, create segment taxonomies, size markets, prepare forecasts, and develop in ...

and later served as its managing director and chief U.S. investment strategist. He worked as a chief investment strategist at Legg Mason Capital Management from 2004 until leaving the firm in 2013, to rejoin Credit Suisse. He is the former president of the Consumer Analyst Group of New York and has been "repeatedly named to Institutional Investor’s All-America Research Team and ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' All-Star survey". During a February 2021 interview by ''

The Economic Times ''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language bu ...

'', Mauboussin, noted as “one of Wall Street’s most creative and influential minds," stated that speculators now outnumbered investors in the marketplace.

Personal life

He has a

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...

in government from

Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...

. He is a resident of Darien, Connecticut.

Publications

Mauboussin's writing has been featured in publications such as ''

NPR National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other ...

'', ''

'', '' Fortune'', ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'', and '' SmartMoney''.

Works

* ''The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing'' Harvard Business Review Press, 2012 * ''Think Twice: Harnessing the Power of Counterintuition''

Harvard Business School Press Harvard Business Publishing was founded in 1994 as a not-for-profit, wholly owned subsidiary of Harvard University (distinct from Harvard University Press), with a focus on improving business management practices. The company consists of thre ...

, 2009 * ''More Than You Know: Finding Financial Wisdom in Unconventional Places''

Columbia University Press Columbia University Press is a university press based in New York City, and affiliated with Columbia University. It is currently directed by Jennifer Crewe (2014–present) and publishes titles in the humanities and sciences, including the fiel ...

, 2006 * ''Expectations Investing: Reading Stock Prices for Better Returns'', co-author with Alfred Rappaport; Harvard Business School Press, 2001 * ''Thirty Years: Reflections on the Ten Attributes of Great Investors'', 2021

Career

Personal life

Publications

Works

References

External links and references