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RE: Wisdom of Crowds vs Herd Mentality

in #investing7 years ago

I never looked at it that way, but yes the US has just elected a big reality TV personality. Sign of the times I guess :)

Don't get me started on the Nobel Prize stuff. That Obama award really just killed the Nobel Peace Prize for me as a credible award based on merit. I am still dirty about that and it if it's indicative of all the Nobel Prizes then it really is a very sad demise if a highly respected institution historically.

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Oh, I would say it happens more than either of us would like, but I would also say there's still some merit to it. But a peace prize is about as political as it gets, don't you think? One man's peacemaker is bound to be someone else's warmonger or sellout or something. My issue is that a lot of science, if not all of it now, is agenda driven in one way or another, so instead of being based on the scientific method, it's based on the policies being driven by whatever government is willing to foot the bills. Or, I suppose you could add in global corporations, since they do a lot of R & D and tend to get political about it, too.