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Notes on tech

Notes on technology, business, enterpreneurship, economy, markets along with interesting general tidbits.


Currently reading: The Wisdom Of Crowds

7/16/2006 09:20:00 PM, posted by anand

I am currently reading The Wisdom Of Crowds by James Surowiecki. So far it is a great read. I am on chapter 3. The author talks about how the collective wisdom of the crowds is more accurate in predicting stuff than just the opinion of an expert.

One thing that occured to me whilst reading this book is, if the so called individual stock market experts were truly experts in predicting the winning stocks, why does their opinion differ with other experts. If they are experts, they should almost have the same intelligence level and more or less the same thought process. Then why dont they all zero in on the same set of stocks always? Why have different opinion?

I guess, I'll find out my answer as I read this book.
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