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Book cover for Adaptive Markets: Financial Evolution at the Speed of Thought
The Efficient Markets Hypothesis gave the investor a democratic alternative to following the cult of the investment guru.
Mark
In what way is it "democratic"? Do they mean that investors have to vote on what they want to invest in? Isn't it actually more private, and less democratic? Isn't it liberated by property and proprietary?
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Yuri Slezkine
“The scapegoat is a central figure in human life. A community that feels threatened identifies groups or individuals responsible for the crisis, casts them out by killing or expelling them, comes together healed and renewed, and attempts to forestall the next crisis by restaging the original event in ritual or else by wondering how it could have punished an innocent lamb (and trying to identify groups or individuals responsible for the delusion).”
Yuri Slezkine, The House of Government: A Saga of the Russian Revolution

Charles Mackay
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”
Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds

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A place for those who walk the green forests of Middle Earth, cross the pale sands of Arrakis, sail the blue waters of Earthsea, slip among the shadow ...more
5971 Classical (Laissez-Faire) Liberalism — 812 members — last activity Aug 24, 2025 10:15AM
Including within it neo-liberalism, libertarianism, objectivism, anarcho-capitalism, minarchism, and American conservatism, this classical or "market" ...more
137714 Political Philosophy and Ethics — 6273 members — last activity 25 minutes ago
Study and discussion of the important questions of ethical and political philosophy from Confucius and Socrates to the present. Rules (see also the ...more
112543 Objectivism: Ayn Rand and Beyond — 125 members — last activity Apr 08, 2021 09:49AM
A group to discuss Ayn Rand's philosophy of Objectivism in a critical, yet respectful way. Discussion is not limited to what Rand wrote. In addition t ...more
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Atlas Shrugged by Ayn Rand
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