Can we get beyond mechanistic models of markets?
It has been a bumpy ride on Wall Street this week. Could psychological theories help explain what is happening on the trading floor? Investment strategist Michael Mauboussin, author of More Than You Know: Finding Financial Wisdom in Unconventional Places, discusses the science of stocks.
Michael Mauboussin is chief investment strategist, Legg Mason Capital Management; adjunct professor of business, Columbia University