The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other.
James SurowieckiRead
Groups are only smart when there is a balance between the information that everyone in the group shares and the information that each of the members of the group holds privately. It's the combination of all those pieces of independent information, some of them right, some of the wrong, that keeps the group wise.
Interpretation
Group intelligence relies on a balance of shared knowledge and individual insights.
This quote highlights the importance of both collective and individual knowledge in a group's decision-making process. When members share their information while also retaining some private insights, the group can achieve a greater understanding and wisdom as it combines diverse perspectives, even if some information is incorrect. This duality enables better outcomes in collaborative settings.
In practice
In a team meeting when discussing project strategies.
The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other.
On the simplest level, telecommuting makes it harder for people to have the kinds of informal interactions that are crucial to the way knowledge moves through an organization. The role that hallway chat plays in driving new ideas has become a cliche of business writing, but that doesn't make it less true.
The history of the Internet is, in part, a series of opportunities missed: the major record labels let Apple take over the digital-music business; Blockbuster refused to buy Netflix for a mere fifty million dollars; Excite turned down the chance to acquire Google for less than a million dollars.
In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.
Linux is a complex example of the wisdom of crowds. It's a good example in the sense that it shows you can set people to work in a decentralized way - that is, without anyone really directing their efforts in a particular direction - and still trust that they're going to come up with good answers.
It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets are those that are animated by both fear and greed at the same time.
Everyone recognizes a distinction between knowledge and wisdom. . . Wisdom is a kind of knowledge. It is knowledge of the nature, career, and consequences of human values. Since these cannot be separated from the human organism and the social scene, the moral ways of man cannot be understood without knowledge of the ways of things and institutions.
...I returned to walking up the mountain, and there, in the dim asexual beauty of reddening dawns and skies that firmed to blue, I discovered my real and appropriate strengths.
Age wrinkles the body. Quitting wrinkles the soul.
The questions you ask consistently will create either enervation or enjoyment, indignation or inspiration, misery or magic. Ask the questions that will uplift your spirit and push you along the path of human excellence
Avoid the tyranny of the reasonable voice...it will guarantee a complacency of never trying anything adventurous.
To think well and to consent to obey someone giving good advice are the same thing.
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