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
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 Yor ...
and head of global financial strategies at
Credit Suisse
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
, where he advised clients on
valuation and
portfolio 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 t ...
theory, competitive strategy analysis, and decision making. He is also an
adjunct professor
An adjunct professor is a type of academic appointment in higher education who does not work at the establishment full-time. The terms of this appointment and
the job security of the tenure vary in different parts of the world, however the gener ...
of
finance at the
Columbia Business School
A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, or ...
and serves as chairman emeritus of the board of trustees at the
Santa Fe Institute, 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 individ ...
, 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'' All-Star survey".
During a February 2021 interview by ''
The Economic Times'', 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 years ...
in government from
Georgetown University. 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 n ...
'', ''
The Wall Street Journal'', ''
Fortune
Fortune may refer to:
General
* Fortuna or Fortune, the Roman goddess of luck
* Luck
* Wealth
* Fortune, a prediction made in fortune-telling
* Fortune, in a fortune cookie
Arts and entertainment Film and television
* ''The Fortune'' (1931 film) ...
'', ''
Forbes'', 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 thr ...
, 2009
* ''More Than You Know: Finding Financial Wisdom in Unconventional Places''
Columbia University Press, 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
References
External links and references
michaelmauboussin.comFaculty Page gsb.Columbia.edu
Profile businessweek.com
Interview forbes.com
Interview seekingalpha.com
Michael Mauboussin Resource Page ritholtz.com
{{DEFAULTSORT:Mauboussin, Michael
Living people
Financial economists
Georgetown University alumni
Columbia University faculty
Columbia Business School faculty
Real options
American economics writers
American male non-fiction writers
American finance and investment writers
1964 births
Santa Fe Institute people