The Wisdom of Crowds
also referred to as: wisdom of crowds
2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement May 13, 2019 by Michael Mauboussin · said 2 times in 1 episodes since 2020 · across every show →
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brought up most by Mike Trigg (2)
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2020 2 mentions in 1 episode
Everything said about The Wisdom of Crowds, oldest first
May 13, 2019 neutral
Mauboussin: The wisdom of crowds fails when investor beliefs become correlated
“So the wisdom of crowds exists when you have Heterogeneous agents. Good aggregation mechanisms. So in other words, the information is being brought together and you have good incentives. And by the way, that should be your default assumption is that markets ar…”
Nov 2, 2020 negative
Trigg: WCM Used Paper Ballots From All Staff for Investment Committee Consensus
“Every single person in the room, I mean, you could be in operations, you could have been in sales. I mean, everybody wrote down on a piece of paper what they thought we should do with the next trade in the portfolio. And then all those votes were tallied up an…”