On the Dangers of Homogeneity
Read the full article at: http://www.gannononinvesting.com/2007/07/on_the_dangers_of_homogeneity.html
Submitted by Geoff on Sun, 2007-07-01 22:00.
(via www.gannononinvesting.com)
Post from Gannon On Investing on variation especially as it relates to investment thought. This post was inspired by "The Dangers of Homogeneous Thinking" – a recent post from Value Discipline. Variation in pitching techniques among professional baseball players is discussed to better explain variation, its importance, and how the incentives within a system can help or hinder it.
