Why is it important to understand luck vs. skill?

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Michael Mauboussin (Author, Professor & Head of Financial Strategies, Credit Suisse)


In this video, Mauboussin explains why he thinks that understanding the influence of luck is so important particularly for business leaders and how mastering the concept can lead to better decision making.

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About Author

Michael Mauboussin

Author, Professor & Head of Financial Strategies, Credit Suisse

Michael Mauboussin is Head of Financial Strategies at Credit Suisse and Adjunct Professor of Finance at Columbia Business School. BusinessWeek’s Guide to the Best Business Schools highlighted him as one of the school’s “Outstanding Faculty,” a distinction received by only seven professors. Michael is also the author of 3 books, including Michael The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing.

Interviewed By


Jennifer Crumpton

Jennifer Crumpton

Sarder TV Anchor, Author & Media Professional

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