Hanson, Michael

Michael is a Capital Markets Team Leader at Fisher Investments, and has been with the firm since 2004. He is also the author of the InvestingIQ blog, offering frequent market commentary. He also is a lecturer at UC Berkeley Haas School of Business, and is the author of 20/20 Money, and four other books.

Ditch Your Catalyst Thinking

12/19/2013

Investors of all kinds tend to believe “catalysts” are needed to move markets higher. Bull markets don’t need them, never have.

Book Review: Financial Malthusians

11/05/2013

The end of growth is not upon us.

Book Review: Signals, Noises, Foxes, Hedgehogs, and Bayes

08/30/2013

Nate Silver has written one of the best books on forecasting I’ve ever read.

The Rise of Technocranalysis

06/05/2013

Technocratic thinking is infesting economics—and enfeebling it.

Coolidge

03/14/2013

An austere president in budget—and persona.

Politics Book Review: Same Old Incendiary

11/02/2012

With the election upon us, a measure of sanity and perspective.

History, Probability, and Thomas Bayes

08/07/2012

Each day is unique and different from that which preceded it. But the only way that’s clear is through understanding the past.

Book Review: Fear and Volatility

07/06/2012

There is plenty to learn from the past about today’s so-called unprecedented volatility. And some bonus summer Sci-Fi reading!

Book Review: You Are Not a Gadget

06/04/2012

Jason Lanier’s argument technology is nothing without the humans who built it has many parallels to investing. 

Simplicity Is the Next Great Investing Advantage

04/27/2012

Complex theories often obscure investors’ view of the bigger, simpler forces that move markets most.

“We’re Not So Different, You and I!” Part II

04/11/2012

Part two covers David Graeber's Debt: The First 5,000 Years. Different book, yet the takeaway is unchanged: Ideology often blinds investors.

“We’re Not So Different, You and I!” Part I

04/04/2012

Part one of a two-part review of G. Edward Griffin’s The Creature from Jekyll Island and David Graeber’s Debt: The First 5,000 Years, centering on a timely and salient investing lesson.

For Investors, Election Years Can Be Easy

03/27/2012

Investors focused on political brouhaha miss important fundamental drivers.

Faith in Investing

03/21/2012

Three books exploring the intersections of faith, economics and investing.

Book Review: Endgame—The Problem with Doomsayers

02/03/2012

I’ve reviewed many a doom-and-gloom financial book in this space. Here’s one more for the collection.

The Return of the Unconscious, Part II

01/04/2012

Part II of our survey of recent popular psychology literature.

The Return of the Unconscious, Part I

12/29/2011

A handful of books on the mind to close out the year.

Book Review: A Grand, if Wandering, Pursuit

11/22/2011

Bestselling author Sylvia Nasar’s entry on economic history is beautifully written, but too scattered to be a coherent narrative.

Remembering James Hillman

11/08/2011

One of the titans of 20th century of psychology has passed, but his work will stand for years to come.

Airplane Reading

11/01/2011

Two books kept me company flying across the country last week—one on the world debt crisis, the other on Modernism. Heavy stuff!

Galbraith’s Speculation and Cynicism

10/14/2011

John Kenneth Galbraith’s History of Financial Euphoria is a good primer, but don’t buy into his cynicism.

40 Things That Mattered This Week, 09/23/2011

09/23/2011

Here are 40 interesting stories that flew beneath many folks’ radar screens this week.

All the World’s a Sale

09/23/2011

Lest you think it’s for lightweights, two classics remind us sales is survival of the fittest. And even a key life skill.

Commies!

09/07/2011

A summer’s worth of considering Commies and Libertarians. 

The Economy in Mind

07/27/2011

An unsung classic on free market capitalism from a bygone era that deserves revisiting.

A Drunkard's Walk, a Random Walk, a Fool’s Walk, and…a River!

07/19/2011

Four books on randomness, uncertainty, probability, and how they work in the stock market.

Fisher Investments Book Review: Money ’Magination

07/07/2011

Two books about how prices work turn out to be better primers in behavioral finance.

Food Politics

06/24/2011

Robert Paarlberg’s book on the politics of food is a good primer for investors and those generally interested in the topic.

Hardcore Entrepreneurial Candor

06/02/2011

Two books on the stark realities of what it takes to get rich.

Getting Acquainted with Geopolitics

05/05/2011

Two essential readings in geopolitics, regardless of your ideology.

For Whom Does the Grail Serve?

03/28/2011

Consistent market outperformance is brutally tough, but it’s no Holy Grail.

Do As I Say, Not As I Do

02/25/2011

Three books highlight a few problems with expert investing advice.

How to Read the Wall Street Journal

02/10/2011

Did Rupert Murdoch's purchase of the Wall Street Journal improve the paper, or lower its bar further toward the lowest common denominator?

Six Mistakes Investors Are Likely to Make This Year

01/31/2011

Years at Fisher Investments have taught me the absolute best investors are wrong quite a lot (one reason to believe in the amazing and rejuvenating powers of proper diversification), but being wrong often doesn’t mean you can’t beat the markets consistently, or at the very least achieve your investing goals.

End the Fed

01/27/2011

A political manifesto? Yes, but Ron Paul's book deriding the Fed is also one of the best layperson's primers on central banking in years.

Bull!

01/05/2011

An accessible history of the bull markets spanning the '80s and '90s, but skip the analysis.

Exile on Main Street

12/17/2010

Who knew the keys to consumerism lay in Keith Richards' six string?

Attack of the Indexers!

12/10/2010

John Bogle and William Bernstein re-make their case for passive investing.

Political Turkeys

12/03/2010

A smattering of post-election politics reading.

Overhaul and Crash Course

11/12/2010

Steven Rattner's Overhaul is a fine enough account of the US auto bailout as a financial and political event, but Paul Ingrassia's Crash Course provides the necessary context to see why it happened.

Travel Reading Diary

11/02/2010

After a long business trip, a few reading suggestions.

Choice 2-Pack

10/12/2010

How We Decide proves Jonah Lehrer ranks among the best active science writers, while Sheena Iyengar's The Art of Choosing is a sometimes cluttered but broader meditation on the act of choice in our lives.

The Number: What Do You Need for the Rest of Your Life and What Will It Cost?

09/30/2010

Lee Eisenberg's The Number is a surprisingly fresh take on the issues of savings and retirement.

The Shallows and Cognitive Surplus

09/14/2010

Nicholas Carr's The Shallows is spotty, but ultimately an important read for today's investor. Clay Shirky's Cognitive Surplus often makes the right points, but in tedious fashion.

The Misbehavior of Markets

08/31/2010
Though sometimes clumsy, Benoit Mandelbrot's Misbehavior of Markets is one of the original popular works on market randomness.

Think Twice

08/19/2010
Teaser: Think Twice firmly establishes Michael J. Mauboussin's status among the best behavioral finance writers.

High Financier

08/11/2010
Niall Ferguson's biography of Siegmund Warburg is often good literature, but a lesser achievement in biography and financial history.

Squam Lake and Senseless Panic

07/28/2010
William M. Isaac's Senseless Panic is a sensible voice of reason and experience on the 2008 panic, while the ballyhooed Squam Lake Report is just more claptrap.

Capitalism 4.0

07/22/2010

Anatole Kaletsky's Capitalism 4.0 is deft, erudite, and essential reading for those looking to better understand the global macroeconomic future ahead.

Wrong

07/13/2010

David H. Freedman's book about why and how experts are often wrong lacks depth and is probably not worth your time.

Myth of the Rational Market

07/06/2010

Jonathan Fox's Myth of the Rational Market is a great primer into the history of efficient market theory, but doesn't do what the title promises.

13 Bankers

06/28/2010
While its emphasis on the history of concentrated corporate power and the nature of regulation makes it stand out from the pack, 13 Bankers turns out to be just another book about the crisis that misses the mark.

The Rational Optimist

06/21/2010
Matt Ridley's The Rational Optimist is timely and, bar none, the best book of the last several years for investors. Too bad most will only see it as a history book.

Crisis, Roubini Style

06/08/2010
Nouriel Roubini's Crisis Economics delivers more Dr. Doom gloom but is of little use for most investors.

The Greatest Trade Ever

06/03/2010
Gregory Zuckerman's The Greatest Trade Ever not only beat Michael Lewis to the punch, but is a better book about those who profited from the bear market.

Getting Off Track

05/25/2010
John Taylor's short but pungent book on the financial crisis is the closest yet to articulating the truth of 2008's panic...but still doesn't quite get there.

The World Is Flat

05/11/2010
Now in its third version, Thomas Friedman's The World Is Flat has proven itself the keystone popular analysis on modern globalization.

The Richest Man in Babylon

05/04/2010

The Richest Man in Babylon is a great book for your graduating grandchildren, but probably too hammy for the rest of us.

The Age of the Unthinkable

04/27/2010
Joshua Cooper Ramo's The Age of the Unthinkable, ends up missing the mark, but for the right reasons.

The Big Cynic

04/19/2010

With his newest bestseller, The Big Short, Michael Lewis proves he's still the most entertaining financial journalist around. But his cynicism betrays him too often.

It's Not as Bad as You Think

04/13/2010

Brian S. Wesbury's It's Not as Bad as You Think: Why Capitalism Trumps Fear and the Economy Will Thrive picks up where Milton Friedman left off.

Capitalism and Freedom

04/06/2010

Capitalism and Freedom is the best entry point into the world of Milton Friedman.

How to Lie With Statistics

03/26/2010
How to Lie With Statistics is still the best book for beginners to enter the world of statistical analysis.

Apocalypse...Now!

03/22/2010

The Wiedemer brothers' Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown is sure to go down in infamy as a landmark of today's pessimism.

Attack of the Quants!

03/16/2010
Books about "quants” are popping up everywhere, but Emmanuel Derman's My Life as a Quant is best for neophytes.

Of Two Minds

03/08/2010
Reading Carmen M. Reinhart and Kenneth S. Rogoff's It's Different This Time is one heck of a frustrating experience, and nearly split my mind in two.

I Am the Walrus (Goo goo g' joob)

03/02/2010
Sean D. Carr's The Panic of 1907 illustrates just how familiar—and also different—the events of 2008 really were. A truly mind-bending trip, man.

The Apologia of Hank Paulson

02/19/2010
Henry Paulson's On the Brink is disappointing and too long, while Andrew Ross Sorkin's Too Big to Fail might well end up the definitive text of the era.

Geopolitics, Battlestars, and the Next 100 Years

02/11/2010
George Friedman's The Next 100 Years is an ambitious and fascinating glimpse into the future of geopolitics.

Starting With a True Classic

02/03/2010
GC Selden's Psychology of the Stock Market is full of wit and wisdom…and still relevant today.

The Transaction Mentality and You

12/10/2009
Investors tend to think like high-flying traders when most ought to be ho-hum.

You’ve Got a Weight Problem

11/24/2009
Your brain is making you anxious and that could be weighing down your portfolio.

Cheerless Recoveries

07/23/2009
Expect investor sentiment and broad economic data to stay dour even as stocks recover.

Soul Searching

07/10/2009
Abandoning tried-and-true investing disciplines after bear markets is among the biggest investor mistakes.

The Greatest Redistribution

06/08/2009
While we fret over taxes, the greatest wealth redistribution of all time is happening under our noses—in the stock market.

Simple Choices

10/09/2008
Amid the market tumult, today represents the simplest investing choice you'll ever have in your lifetime.

Sheer Reduction

08/13/2008
Using neuroscience to analyze markets is all the rage. That could be bad news for investors…

Bad Behaviorism

04/18/2008
The once noble field of behavioral finance has taken a dire turn for the worse.

You Gotta Believe

01/31/2008
Human minds are built to act on beliefs and assumptions—a very dangerous thing for successful investing.

The Myth of One

09/12/2007
The human brain likes to simplify problems and make clear distinctions. That's a problem for investors in a world where many factors matter.

Data Idolatry

03/15/2007
Most of the struggle of investing is the struggle to surmount the natural workings of the brain.

Metaphors We Invest By

12/21/2006
Does this sentence strike you as odd?: The markets are up today! Probably not.