Episode 14: Groupthink or Groupstink? Social physics, and the impacts of leverage

We discuss social physics and the potential perils of groupthink. Some of the points we cover in this episode include: -What is groupthink and why does it exist? -Why we like to run with the bulls -Why we like to think we’re all different (but we really aren’t) -The critical role of leverage in market cycles -PLUs: people like us Books mentioned The Art of Contrary Thinking, Humphrey Neill Critical Mass, Philip Ball Forecast: What Physics, Meteorology, and Natural Sciences can teach us about Economics, Mark Buchanan Thanks for listening! Download a free chapter from our book ’Low Rates, High Returns’ https://www.lowrateshighreturns.com/podcast Pete Wargent https://www.petewargent.com/ https://www.linkedin.com/in/pete-wargent-37228322/ Stephen Moriarty https://twitter.com/SGM63