Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More

<p>We sit down with the one & only Michael Mauboussin to dive deep into his incredible body of work: untangling skill and luck, measuring moats, persistence of returns in venture capital, decision making and — particularly timely — expectations investing and how to think about valuations in the current 2021 market environment. (!!) Michael's work is maybe our most frequent carve out on Acquired, so we're pumped to finally have a chance to interview the man himself. Big thank you to Patrick O'Shaughnessy and Brent Beshore for introducing us all at Capital Camp this year!</p> <p>If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. <strong>Join here at: <a href= "https://acquired.fm/lp/">https://acquired.fm/lp/</a><br /> <br /></strong></p> <p><strong>Sponsors:</strong></p> <ul> <li>Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: <a href= "https://bit.ly/acquiredsoftbanklatam">https://bit.ly/acquiredsoftbanklatam</a> , and tell them that Ben and David sent you! <ul> <li>You can get learn more about careers at their portfolio company QuintoAndar at <a href= "https://carreiras.quintoandar.com.br">https://carreiras.quintoandar.com.br</a></li> </ul> </li> <li>Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: <ul> <li><a href= "https://bit.ly/acquiredmoderntreasury">https://bit.ly/acquiredmoderntreasury</a> (and you can find our reverse interview with them at <a href= "https://www.moderntreasury.com/acquired">https://www.moderntreasury.com/acquired</a> )</li> <li><a href= "https://bit.ly/acquiredfundrise">https://bit.ly/acquiredfundrise</a><br /> <br /></li> </ul> </li> </ul> <p><