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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

But it's Warmest in the Middle of the Herd!

"If you read what everyone else reads, you will think what everyone else thinks."  - Haruki Murakami

Great reality check on the "wisdom of crowds" from Kevin Depew at Minyanville. Crowd-sourcing is a fascinating process that has led  to things like Wikipedia and Waze (as an aside, I'd like to see more Calgary users so I know where all the radar traps are!)

However, in the markets crowds usually do the wrong thing at the wrong time. Even when all the participants have fast Internet connections, go figure.