At the Money: Investing Skill vs. Luck

Is it better to be lucky or good? How much of a role does luck
pay in investing? And how can you tell the difference between
chance and skill? In this episode of At the Money, Barry Ritholtz
discusses the issue with Michael J. Mauboussin. Mauboussin is
Head of Consilient Research at Counterpoint Global, Morgan
Stanley Investment Management. Previously, he was Director of
Research at BlueMountain Capital, Head of Global Financial
Strategies at Credit Suisse, and Chief Investment Strategist at
Legg Mason Capital Management.


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