Charlie Munger on Crowd Folly

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Charlie Munger on Crowd Folly

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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