Charlie Munger on Crowd Folly in Humans

Why humans sometimes resemble lemmings

Investing
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Charlie Munger on Crowd Folly in Humans

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Why humans sometimes resemble lemmings
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    • “’Crowd folly’, the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior.” “People just follow the crowd…Their mind just drifts off in a ghastly way.” “Mimicking the herd invites regression to the mean (merely average performance).” Charlie Munger