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James Surowiecki Quotes: Sometimes even a smart crowd will make a mistake.
         

Sometimes even a smart crowd will make a mistake.


James Surowiecki
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"James Surowiecki Quotes." Quoteslyfe.com, 2024. Mon. 29 Apr. 2024. <https://www.quoteslyfe.com/quote/Sometimes-even-a-smart-crowd-will-make-688129>.





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Other quotes of James Surowiecki


If companies tell us more, insider trading will be worth less.

If companies tell us more, insider trading will be worth less.



Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.

Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.



I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.

I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.



Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.

Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.



In the business world, bad news is usually good news - for somebody else.

In the business world, bad news is usually good news - for somebody else.



Most of the work on multitasking suggests that it generally makes you less efficient, not more.

Most of the work on multitasking suggests that it generally makes you less efficient, not more.



It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.

It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.



The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.



Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.



If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.





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One needs to be beyond love and above humanity to wield power, or so I sometimes think.

One needs to be beyond love and above humanity to wield power, or so I sometimes think.



We tend to disempower ourselves. We tend to believe that we don’t matter. And in the act of taking that idea to ourselves we give everything away to somebody else, to something else.

We tend to disempower ourselves. We tend to believe that we don’t matter. And in the act of taking that idea to ourselves we give everything away to somebody else, to something else.



Lancelot and Guinevere – they looked like two flowers, bright enough to turn to each other for sunlight.

Lancelot and Guinevere – they looked like two flowers, bright enough to turn to each other for sunlight.



A politician never forgets the precarious nature of elective life. We have never established a practice of tenure in public office.

A politician never forgets the precarious nature of elective life. We have never established a practice of tenure in public office.



I knew that I had a following here in England, and if I came over here maybe I could cultivate it, but I never dreamt it would be as great as it has been.

I knew that I had a following here in England, and if I came over here maybe I could cultivate it, but I never dreamt it would be as great as it has been.



Overnight Success Happens Only in Fairy Tales, Trashy Novels, and Bad Movies.

Overnight Success Happens Only in Fairy Tales, Trashy Novels, and Bad Movies.



Software work is the most complex that humanity has ever undertaken.

Software work is the most complex that humanity has ever undertaken.



Heroes are made in the hour of defeat

Heroes are made in the hour of defeat



Our true worth doesn't come from the work we do, it comes from who we are as human beings.

Our true worth doesn't come from the work we do, it comes from who we are as human beings.



In the recording process I do listen to other artists a lot and other albums and albums I am loving lately, or ones that I still love that came out in the 80s or 70s.

In the recording process I do listen to other artists a lot and other albums and albums I am loving lately, or ones that I still love that came out in the 80s or 70s.




Quote Description


This page presents the quote "Sometimes even a smart crowd will make a mistake.". Author of this quote is James Surowiecki. This quote is about smart, crowds, sometimes, mistake,.