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Quote by Michael Mauboussin

“People are, by and large, quite poor at judging correct absolute values but are astute about determining relative values. Psychologists call this coherent arbitrariness, which suggests that individuals are coherent when they compare prices on a relative basis but arbitrary when those prices are considered versus fundamental value.”

Quote by Michael Mauboussin

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Michael Mauboussin
Michael Mauboussin

Michael Mauboussin is a renowned investment strategist, author, and educator born in 1964. He serves as an adjunct professor at Columbia Business School and previously held senior positions at major financial institutions including Merrill Lynch and Credit Suisse. With over 30 years of experience on Wall Street, Mauboussin is recognized as a pioneer in applying complexity theory and behavioral economics to investment practice. He has authored several bestselling books, including The Success Equation, which was named one of the best business books of the year by the Financial Times. Mauboussin is celebrated for his ability to translate complex academic theories into practical investment strategies. more

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