Michael Mauboussin is a legendary investor who has also taught Security Analysis at Columbia for 30 years. I thoroughly enjoyed our discussion and hope you will as well! - Trey IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor’s Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!

One of the best podcasts ever

Thanks for the interview Trey, I deeply admire Professor Mauboussin. Currently reading the book. Best to both of you!

Great interview, it's great hearing him really get into the details

Thank you for a very interesting, informative and superbly managed interview. Bravo!

Well structured questions. I always appreciate when you explore not only the thinking about markets and investing, but the nitty gritty tactics and details of valuation.

His book expectation investing is a must read for any serious trader and investor...the market is a discounting mechanism,it moves on expectations, guidance and revisions...His level is what's called " smart money "... because if you can master his level of valuation then you will be so far ahead of the curve ,that folks will think your a wizard.

Book recommendations mentioned 7:33 Increasing Returns and Path Dependence in the Economy by W. Bryan Arthur 8:53 Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies, by Geoffrey West

Can you please share the name of the paper written by Michael on analysing moats that was mentioned

Buybacks are a tough one. Boeing and Intel prioritized buybacks to their business' and ultimately shareholder's detriment.

Need time stamps