Always wrong Quote by David Dreman
“Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.”
About This Quote
Source Book: Contrarian Investing, 1995
Consensus often leads to error; independent analysis yields better decisions.
In simple terms: Follow the crowd can be wrong.
Think independently.
Themes
Mood
Type
When to use this quote
- investment
- policy
- science
- leadership
Key Concepts
Questions to Reflect On
- When have you trusted the majority?
- How do you balance dissent?
Independent views can be isolated.