James Surowiecki Quotes
This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.
Surowiecki, James. The Wisdom of Crowds. Doubleday, 2004, p. xi.
“The Wisdom of Crowds” is a digital information theory‘ that a very large number of people might make a better quality decision that a few experts in an area. Bruni was a critic of this notion.
James Michael Surowiecki is an American journalist. He was a staff writer at The New Yorker, where he wrote a regular column on business and finance called "The Financial Page".