Skill vs. Luck

Santa Fe Institute and Debevoise & Plimpton LLP present a special invitation-only breakfast

Skill vs. Luck: How to Think About Outcomes - Past, Present and Future

Speaker: Michael J. Mauboussin -  Chief Investment Strategist, Legg Mason

919 Third Avenue, New York, New York
(Entrance on 55th St. between Second and Third Avenues)

Successful outcomes for many life activities—be they sports, business or investing—are a result of a combination of skill and luck. Most of us understand and accept this concept, yet we have a poor sense of the contribution of each in any specific instance.

At this invitation-only breakfast program, Michael J. Mauboussin, author, professor and Chief Investment Strategist for Legg Mason, will delve into the issues involved in identifying and sorting the combinations of Skill vs. Luck. He will address why the ability to properly untangle Skill and Luck allows for sharply improved decision-making and leads to much better thinking about day-to-day outcomes.