Investment Management
The Wisdom of Crowds versus Popular Delusions
In a bit of a paradox, you will find the following two titles on our recommended reading list: The Wisdom of Crowds, James Surowiecki (2005) Extraordinary Popular Delusions and the Madness of Crowds, Charles Mackay (1852) So, which is it? Are crowds wise or delusional? It helps to understand why the answer is yes, to ... Read More