In order to meet our most important goal -- delivering outstanding long-term performance to our clients -- our investment process embraces lessons culled from diverse sources such as science, nature, literature, sports, academic research and behavioral finance. Security markets are vibrant and complex systems, and we believe that investment management strategies must adapt and evolve to ensure continued success. We would like to share what we've learned with you.
The goal of the Thought Leader Forum is to introduce our clients to prominent non-traditional thinkers who have had a significant influence on our investment process. We believe that one of our critical competitive advantages is embracing mental models that lie beyond the traditional world of finance and investing. Come ignite your mind by exploring the transcripts of past forums.
Our book club, On the Same Page, is one of the ways we share our philosophy of learning agility with our clients. The program not only enhances our individual knowledge, it also helps us to develop a common language and understanding. Books are selected from various fields to ensure a multidisciplinary curriculum. Our process is different than that of other investment firms and our commitment to constant learning and improvement is a key feature of that difference. More than just a book club, On the Same Page is an integral part of LMCM’s unique investment philosophy.
Previous titles include: The Flaw of Averages, Why We Underestimate Risk in the Face of Uncertainty by Sam L. Savage, Your Money and Your Brain, How The New Science Of Neuroeconomics Can Help Make You Rich by Jason Zweig,
The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies by Scott E. Page, The Halo Effect... and Eight Other Business Delusions That Deceive Managers by Phil Rosenzweig, Another Day in the Frontal Lobe by Katrina S. Firlik and The Origin of Wealth by Eric D. Beinhocker.
Our Chief Investment Strategist, Michael Mauboussin, offers his findings on concepts that we believe savvy investors should be considering today.
Untangling Skill and Luck
How to Think About Outcomes—Past, Present, and Future
July 15, 2010 - 
Read
It’s All about Managing for Value
Comments based on a presentation at the CFO Executive Summit,
May 18, 2010
June 11, 2010 - 
Listen Read
The Colonel Blotto Game
Transitivity and How to Win When You’re an Underdog
May 5, 2010 - Listen Read
Founded in 1984, The Santa Fe Institute is one of the world’s leading scientific research laboratories which conducts multi-disciplinary research in complex systems theory.
This independent, non-profit organization has been an important partner in helping us refine our investment philosophy.