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Description:
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We discuss social physics and the potential perils of groupthink.
Some of the points we cover in this episode include:
-What is groupthink and why does it exist?
-Why we like to run with the bulls
-Why we like to think we’re all different (but we really aren’t)
-The critical role of leverage in market cycles
-PLUs: people like us
Books mentioned
The Art of Contrary Thinking, Humphrey Neill
Critical Mass, Philip Ball
Forecast: What Physics, Meteorology, and Natural Sciences can teach us about Economics, Mark Buchanan
Thanks for listening!
Download a free chapter from our book ’Low Rates, High Returns’
https://www.lowrateshighreturns.com/podcast
Pete Wargent
https://www.petewargent.com/
https://www.linkedin.com/in/pete-wargent-37228322/
Stephen Moriarty
https://twitter.com/SGM63 |