Think Twice

About the Audio Book: Think Twice

How to stop yourself before you make another costly decision.... No one intentionally makes bad decisions. Yet we make them all the time. In fact, some of the worst disasters in recent history - the collapse of major investment banks, the global financial meltdown - were the result of seemingly reasonable decisions made by a lot of smart people. How does this happen?

Michael J. Mauboussin argues that the correct process for deciding well - especially when the stakes are high - conflicts with how our minds naturally work.

When faced with complex situations, our brains revert to simplified patterns that obscure better approaches to the problem. Even when we think were applying logic and reason, were subconsciously succumbing to social or situational influences. Fortunately, we can override our minds default systems - that is, we can counter our intuition - by learning to "think twice".

In this compelling audio book, Mauboussin outlines a disciplined approach to decision-making that will significantly reduce costly mistakes. Through vivid stories from business, sports, science, and everyday life, Mauboussin categorizes common mental mistakes and offers actionable advice for avoiding them, including:

The Inside/Outside View: Take the experiences of others into account

Tunnel Vision: Force yourself to consider alternatives that make you uncomfortable

The Whole Is Smarter Than Its Parts: Dont oversimplify complex problems

Situational Power: Be highly aware of the influence others have on you

The Expert Squeeze: Know when to trust so-called experts, and when not to

About the Author: Michael J Mauboussin

Michael J Mauboussin is Chief Investment Strategist at Legg Mason Capital Management. He is also the author of three books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in the The 100 Best Business Books of All Time by 800-CEO-Read. Michael has been an adjunct professor of finance at Columbia Business School since 1993, and received the Deans Award for Teaching Excellence in 2009. His latest book, Think Twice: Harnessing the Power of Counter intuition was published by Harvard Business Press

CD Details: Audio CD

No of Disc: 1 (MP3)

Duration: 9 hrs

Binding: Audio Book