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[News] Linux Gets Around the "Ignorance of Crowds" Phenomenon

  • Subject: [News] Linux Gets Around the "Ignorance of Crowds" Phenomenon
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Tue, 03 Jul 2007 01:41:07 +0100
  • Newsgroups: comp.os.linux.advocacy
  • Organization: Netscape / schestowitz.com
  • User-agent: KNode/0.10.4
Why Homogeneous Thinking is Dangerous to Value Investors

,----[ Quote ]
| One of my favorite aphorisms is, “When everybody is thinking the same, 
| nobody is really thinking!”
| 
| [...]
| 
| Spier has the following link on his website, The Ignorance of Crowds. I 
| think that those of us who try to develop investment talent at 
| investment management firms can gain some valuable insights from this 
| article.
| 
| It describes the Linux phenomenon of an open source development model. 
| This level of collaboration works because, 
| 
| [...]
| 
| But diversity does not imply egalitarianism.
| 
|     The open source model — when it works effectively — is not as 
| egalitarian or democratic as it is often made out to be. Linux has 
| been successful not just because so many people have been involved, 
| but because the crowd’s work has been filtered through a central 
| authority who holds supreme power as a synthesizer and decision maker. 
| As the Linux project has grown, Torvalds has gathered a hierarchy of 
| talented software programmers around him to help manage the crowd and 
| its contributions. It’s not a stretch to say that the Linux bureaucracy 
| forms a cathedral that coordinates the work of the bazaar and molds it 
| into a unified product.
`----

http://seekingalpha.com/article/39908

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