Posted by 6 June 2004

The Madness of Crowds or the Wisdom of Crowds?

I’m sure most of you already know about, and probably have read Extraordinary Popular Delusions & the Madness of Crowds. Well there’s a new book, The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, that takes a different angle on group-think. It’s [...]

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Posted by 19 April 2004

What’s a Stock Worth?

The Big Picture highlights what Mark Cuban has to say about how stocks are valued. (Cuban’s entire statement is here ) Mark is absolutely right that supply and demand, and the mood of the crowd (psychology) matter much more than all that fundamental mumbo jumbo. Especially in the short term.

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