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

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

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

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

. Previously, he was director of research at BlueMountain Capital and head of global financial strategies at

Credit Suisse Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...

, 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 ...

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, but the term is gen ...

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

at the Columbia

Business School A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management. A business school may also be referred to as school of management, management school, s ...

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, inc ...

, a multi-disciplinary research center for

complex adaptive systems Complex commonly refers to: * Complexity, the behaviour of a system whose components interact in multiple ways so possible interactions are difficult to describe ** Complex system, a system composed of many components which may interact with each ...

, 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) was 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 1 ...

(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'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

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

The Economic Times ''The Economic Times'' is an Indian English-language business-focused daily newspaper. Owned by The Times Group, ''The Economic Times'' began publication in 1961 and it is sold in all major cities in India. As of 2012, it is the world's secon ...

'', 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. in government from

Georgetown University Georgetown University is a private university, private Jesuit research university in Washington, D.C., United States. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789, it is the oldest Catholic higher education, Ca ...

. He is a resident of Darien, Connecticut.

Publications

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

NPR National Public Radio (NPR) is an American public broadcasting organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It serves as a national Radio syndication, syndicator to a network of more ...

'', ''

Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fate * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (19 ...

'', ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'', and ''

SmartMoney ''SmartMoney'' was ''The Wall Street Journal''s magazine of personal business. The finance magazine launched in 1992 by Hearst Corporation and Dow Jones & Company. Its first editor was Norman Pearlstine. In 2010, Hearst sold its stake to Dow J ...

''.

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 (HBP) is a publisher founded in 1994 as a not-for-profit, independent corporation and an affiliate of Harvard Business School (distinct from Harvard University Press), with a focus on improving business management pr ...

, 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 New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's la ...

, 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