Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More (#659) - The Blog of Author Tim Ferriss
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Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More (#659) - The Blog of Author Tim Ferriss
“Beliefs are hypotheses to be tested, not treasures to be protected.” – Phil Tetlock
What separated the good from the great investors had little to do with their analytical tools but a great deal to do with how they made decisions.
There is significant pressure to conform to group-think, even when the group is clearly wrong
Having cognitive diversity is the most important type of diversity for problem-solving; just because people look different does not mean that they will also think different
The most interesting problems in the world exist at the intersection of disciplines, but it is uncommon for scientists to reach across their disciplines and collaborate with other scientists outside of their discipline