
Chosen by shared topics, the entries that hold them, and the people who recommended both.
How judging firms by their results corrupts most business research and advice.
“Phil Rosenzweig's must-read book, The Halo Effect, shows this idea is alive and well in the business world.” — Michael Mauboussin
Source: Was Harry Potter Inevitable? Cumulative Advantage, Counterfactuals, and the Halo Effect (Legg Mason)
Recommended by: Michael Mauboussin, Ev Williams and 1 other
Complex problems yield to trial and error, not expert plans, and how to run it.
Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy
The biases that distort managers' decisions, with exercises that show them.
Recommended by: Mohnish Pabrai, Charlie Munger and 1 other
How the Oakland A's won on a small payroll by buying players the market undervalued.
“understanding how to buy undervalued players is very similar to buying undervalued stocks and so that's a really helpful book” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Recommended by: Joel Greenblatt, Mohnish Pabrai, Ev Williams and 2 others
Recommended by: Mohnish Pabrai
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