The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other.
James SurowieckiRead
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.
Interpretation
The quote emphasizes the value of decentralized collaboration in achieving good outcomes.
James Surowiecki highlights how Linux serves as a prime example of the 'wisdom of crowds,' where numerous individuals contribute to a project without centralized control, yet still produce reliable and effective results. This showcases the power of collective intelligence and the potential for successful collaboration driven by individual input, rather than top-down management.
In practice
During a tech conference, one might quote this to illustrate the effectiveness of open-source development.
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.
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.
The essence of procrastination lies in not doing what you think you should be doing, a mental contortion that surely accounts for the great psychic toll the habit takes on people. This is the perplexing thing about procrastination: although it seems to involve avoiding unpleasant tasks, indulging in it generally doesn't make people happy.
Until one looks back on one's own past one fails to realise what an extraordinary view of the world a child has.
When you have known the kiss of a flaying knife, a laugh loses all its power to hurt you.
Treat yourself as your own beloved child.
Patience is a godly attribute that can heal souls, unlock treasures of knowledge and understanding, and transform ordinary men and women into saints and angels. Patience is truly a fruit of the Spirit. Patience means staying with something until the end. It means delaying immediate gratification for future blessings.
When from our better selves we have too long been parted by the hurrying world, and droop. Sick of its business, of its pleasures tired, how gracious, how benign is solitude.
Don’t do what you know on a gut level to be the wrong thing to doI don’t think there’s a single dumbass thing I’ve done in my adult life that I didn’t know was a dumbass thing to do while I was doing it. Even when I justified it to myself—as I did every damn time—the truest part of me knew I was doing the wrong thing. Always. As the years pass, I’m learning how to better trust my gut and not do the wrong thing, but every so often I get a harsh reminder that I’ve still got work to do.
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