A Quote by Warren Buffett
A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."
The best opportunities are often ones where you're being contrarian. That doesn't mean being contrarian for contrarian's sake, but it means you're thoughtful about the risks of following the crowd.
I am learning to understand rather than immediately judge or to be judged. I cannot blindly follow the crowd and accept their approach. I will not allow myself to indulge in the usual manipulating game of role creation. Fortunately for me, my self-knowled
What is needed [to combat terrorism], in my view, is resolve, not retreat; courage, not concession. Rather than thinking in terms of an exit strategy, focus on a strategy for success.
A human group transforms itself into a crowd when it suddenly responds to a suggestion rather than to reasoning, to an image rather than to an idea, to an affirmation rather than to proof, to the repetition of a phrase rather than to arguments, to prestige rather than to competence.
'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.
Democratic strategists and operatives should not design a strategy based off today's conditions. They should be setting a strategy for where the trajectory of polling is headed.
Our strategy is very horizontal. We're trying to build a social layer for everything. Basically, we're trying to make it so that every app everywhere can be social, whether it's on the web or mobile or other devices. So inherently, our whole approach has to be a breadth-first approach rather than a depth-first one.
Learn to follow the quiet voice within that speaks in feelings rather than words; follow what you 'hear' inside, rather than what others may be telling you to do.
Don’t just follow the trend. You may have heard me say that it’s good to think in terms of the physics approach of first principles. Which is, rather than reasoning by analogy, you boil things down to the most fundamental truths you can imagine and you reason up from there.
Don't follow the crowd. The crowd doesn't get there. They just run round and around in a crazy race. It never ends.
In Afghanistan, the viceroy approach would reduce rampant fraud by focusing spending on initiatives that further the central strategy, rather than handing cash to every outstretched hand from a U.S. system bereft of institutional memory.
In pre-election polling, momentum is more important than position, and in primary polling, national numbers are useless.
The music I'm playing now is the music I always imagined myself playing when I was a kid. It's been nice to use my instrument a bit more - play the guitar in a more fun way with riffs and stuff like that - rather than just propping up a whole song with a guitar and my vocals. There's so much more energy in the crowd as well; they've been bouncing around and having fun, and it's nice to feel like you're a part of something in a room rather than just performing for a crowd.
The confidence in the unlimited power of science is only too often based on a false belief that the scientific method consists in the application of a ready-made technique, or in imitating the form rather than the substance of scientific procedure, as if one needed only to follow some cooking recipes to solve all social problems. It sometimes almost seems as if the techniques of science were more easily learnt than the thinking that shows us what the problems are and how to approach them.
I was rather foolish in saying that I did not like arithmetic and to learn figures when I did - I was not thinking quite what I was about. The sums can be done better, if I tried, than they are.
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