The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed people, their collective wisdom will be smarter than an expert's. But if you can assemble a diverse group of people who possess varying degrees of knowledge and insight, you're better off entrusting it with major decisions rather than leaving them in the hands of one or two people, no matter how smart those people are.
James SurowieckiI think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
James SurowieckiReal politics is messy and morally ambiguous and doesn't make for a compelling thriller.
James Surowiecki