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James Surowiecki isn't a
Goodreads Author (yet), but they
do have a blog,
so here are some recent posts imported from
their feed.
I like Matt Yglesias's characterization of the financial-reform bill, which finally passed Congress yesterday, as "underrated." While there are a couple of huge issues that the bill barely deals with (or doesn't really touch at all), like the problem of Fannie and Freddie and the undue power of rating agencies in our financial system, it actually does something that reform bills don't always do...
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“Lack of confidence, sometimes alternating with unrealistic dreams of heroic success, often leads to procrastination, and many studies suggest that procrastinators are self-handicappers: rather than risk failure, they prefer to create conditions that make success impossible, a reflex that of course creates a vicious cycle.”
― James Surowiecki
― James Surowiecki
“Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.”
― James Surowiecki, The Wisdom of Crowds
― James Surowiecki, The Wisdom of Crowds
“No decision-making system is going to guarantee corporate success. The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will get made.”
― James Surowiecki, The Wisdom of Crowds
― James Surowiecki, The Wisdom of Crowds
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