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Mell Quotes by James Surowiecki
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James Surowiecki has 150 quotes on this site. A few more worth reading:
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Auto repair, piloting, skiing, perhaps even management: these are skills that yield to application, hard work, and native talent. But forecasting an…
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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…
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It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets…
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Bubbles and crashes are textbook examples of collective decision making gone wrong. In a bubble, all of the conditions that make groups…
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If small groups are included in the decision-making process, then they should be allowed to make decisions. If an organization sets up…
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Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.
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Groups are only smart when there is a balance between the information that everyone in the group shares and the information that…
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But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a…
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Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently…
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This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the…
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The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed people, their…
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One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
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Flexible supply chains are great for multinationals and consumers. But they erode already thin profit margins in developing-world factories and foster a…
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One can see now how the idea of heaven takes hold of men's consciousness, how it gains ground even when all the…
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Somewhere in this process you will come face-to-face with the sudden and shocking realization that you are completely crazy. Your mind is…
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I began auditioning for acting jobs at the ripe old age of 12. Thirty years later, including a 15-year run on television,…
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