Michael J. Mauboussin
is Chief Investment Strategist at Legg Mason Capital Management. Prior to joining LMCM, he was a Managing Director and Chief U.S. Investment Strategist at Credit Suisse. Mauboussin is a former president of the Consumer Analyst Group of New York and was repeatedly named to Institutional Investor's
All-America Research Team and The Wall Street Journal
All-Star survey in the food industry group.
He is the author of More Than You Know: Finding Financial Wisdom in Unconventional Places-Updated and Expanded, named best business book by BusinessWeek and best economics book by Strategy+Business. He is also co-author of Expectations Investing: Reading Stock Prices for Better Returns.
Mauboussin is on the Board of Trustees and Science Steering Committee at the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory.
Leaders in all fields -- business, medicine, law, government -- make crucial decisions every day. The harsh truth is that they mismanage many of those choices, even though they have the right intentions. These blunders take a huge toll on leaders, their organizations and the people they serve.
Why is it so hard to make sound decisions? We fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive errors are preventable. In this interactive seminar, Michael Mauboussin will show you out how to recognize -- and avoid -- common mental missteps, including:
- Misunderstanding cause-and-effect linkages
- Aggregating micro-level behavior to predict macro-level behavior
- Not considering enough alternative possibilities in making a decision
- Relying too much on experts
Sharing vivid stories from business and beyond, Mauboussin offers powerful rules for avoiding each error. And he explains how to know when it's time to think twice -- to question your reasoning and adopt decision-making strategies that are far more effective, even if they seem counterintuitive.
Master the art of thinking twice, and you'll start spotting dangerous mental errors in your own decisions and in those of others. Equipped with this awareness, you'll soon begin making sounder judgment calls for your organization.
Who Should Attend
- Business leaders who must create effective decision-making strategies for their organizations
- Executives who must evaluate risk in strategic planning and execution
- Managers who want to learn to spot dangerous mental errors in making decisions
Event registrants may cancel their registration without penalty anytime prior to the start of the event.