Think Twice by Michael J. Mauboussin audiobook

Think Twice: Harnessing the Power of Counterintuition

By Michael J. Mauboussin
Read by Walter Dixon

Gildan Media 9781596596764

Unabridged

Format : Library CD (In Stock)
  • ISBN: 9798200642441

  • ISBN: 9798200642434

  • ISBN: 9798200642458

Runtime: 5.36 Hours
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English

Summary

Summary

How to Stop Yourself Before You Make Another Costly Decision No one intentionally makes bad decisions. Yet we make them all the time. In fact, some of the worst disasters in recent history—the collapse of major investment banks, the global financial meltdown—were the result of seemingly reasonable decisions made by a lot of smart people. How does this happen? Michael J. Mauboussin argues that the correct process for deciding well—especially when the stakes are high—conflicts with how our minds naturally work. When faced with complex situations, our brains revert to simplified patterns that obscure better approaches to the problem. Even when we think we’re applying logic and reason, we’re subconsciously succumbing to social or situational influences. Fortunately, we can override our mind’s default systems—that is, we can counter our intuition—by learning to “think twice.” In this compelling audio book, Mauboussin outlines a disciplined approach to decision making that will significantly reduce costly mistakes. It involves preparing to encounter common mental traps, recognizing these mistakes in context, and applying the right mental tools to shape better decisions. With practice, you’ll begin to catch poor decision making—both yours and others’—as it unfolds in front of you. Through vivid stories from business, sports, science, and everyday life, Mauboussin categorizes common mental mistakes and offers actionable advice for avoiding them, including: • The Inside/Outside View: Take the experiences of others into account • Tunnel Vision: Force yourself to consider alternatives that make you uncomfortable • The Whole Is Smarter Than Its Parts: Don’t oversimplify complex problems • Situational Power: Be highly aware of the influence others have on you • The Expert Squeeze: Know when to trust so-called experts, and when not to Backed by powerful research and shrewd analysis, this audio book gives you a mental toolkit for spotting dangerous decision traps—and making smarter choices in your professional and personal life.

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Reviews

Author

Author Bio: Michael J. Mauboussin

Author Bio: Michael J. Mauboussin

Michael J. Mauboussin is an investment strategist and has been in the financial services industry for more than twenty-five years. He has also taught at the Columbia Graduate School of Business and is on the board of trustees at the Santa Fe Institute. Mauboussin is the author of Think Twice: Harnessing the Power of Counterintuition and More Than You Know: Finding Financial Wisdom in Unconventional Places; he is also the coauthor, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns.

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Details

Details

Available Formats : CD, Library CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 5.36
Audience: Adult
Language: English