The Crowd: A Study of the Popular Mind
Extraordinary Popular Delusions and the Madness of Crowds (Illustrated Edition)
Charles Mackay • 2 highlights
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the special characteristics of crowds such as impulsiveness, irritability, incapacity to reason, exaggeration of sentiments, absence of critical judgment, etc. If this isn’t the profile of an emotional (and losing) market participant, then nothing is.
Brendan Moynihan • What I Learned Losing A Million Dollars
“Madness is rare in individuals—but in groups, parties, nations, and ages it is the rule,” Nietzsche wrote (before he went mad). If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.
Peter Thiel, Blake Masters • Zero to One
according to Le Bon, in his book The Crowd, from a psychological perspective the word means something entirely different. When the sentiments and ideas of all the people in the gathering take one and the same direction and their conscious individual personality disappears, then the gathering has become a psychological crowd.
Brendan Moynihan • What I Learned Losing A Million Dollars
Specialmente in una situazione ambigua, la tendenza di ciascuno a stare a guardare per vedere che cosa fanno tutti gli altri può causare un fenomeno straordinario, la cosiddetta “ignoranza collettiva”. Capire questo fenomeno è utilissimo per spiegare certi episodi preoccupanti che si ripetono con terribile regolarità: interi gruppi di passanti e sp
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