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How Much Luck in Investing Success?

Michael Mauboussin explains why humans tend to overweight the role of skill and underestimate the role of luck in investing success--and how we can correct for our perceptions.


Christine Benz: Hi, I am Christine Benz for, and I’m here at the Morningstar Investment Conference joined today by Michael Mauboussin. He is head of global financial strategies for Credit Suisse, and he is also author of the book The Success Equation. Michael, thank you so much for being here.

Michael Mauboussin: Thanks, Christine, great to see you.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.