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NEW: Michael Mauboussin, Legg Mason Capital Management's Chief Investment Strategist, releases his newest addition of Mauboussin On Strategy: Untangling Skill and Luck
In his latest Mauboussin On Strategy, Michael Mauboussin discusses his perspectives on skill and luck. According to Michael, outcomes from many activities—including sports, business, and investing—are the combination of skill and luck. The ability to properly untangle skill and luck leads to much better thinking about most day-to-day outcomes, and allows for sharply improved decision making.
Read the latest Mauboussin On Strategy Commentary
Learn more about Michael Mauboussin
Learn more about Legg Mason Capital Management
Royce & Associates' Principal and Assistant Portfolio Manager Francis "Frank" Gannon provides his insights on the economy, the markets and small-cap investing

Royce's business is trying to find high-quality, small-cap businesses, wherever they might be.
Read the latest Gannon Report, July 1, 2010