12-14-2021, 03:43 PM
From the first few google results:
"Groupthink is a psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome."
"Groupthink occurs when people's desire to maintain group loyalty becomes more important than making the best choices. People often find it hard to think and act independently in group situations."
"Groupthink is a phenomenon developed in groups marked by the consensus of opinion without critical reasoning or evaluation of consequences or alternatives."
I think DG investors understandably gravitate to / revolve around a relatively static set of companies, and we're all here to share thoughts and ideas. And when I've come to respect a person, I am happy to give their thoughts and opinions more weight. So knowing that they are putting their money the same place I am can be reassuring. But I never buy just on another person's say-so. And as for you all, I've never worried about your independent-mindedness!
"Groupthink is a psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome."
"Groupthink occurs when people's desire to maintain group loyalty becomes more important than making the best choices. People often find it hard to think and act independently in group situations."
"Groupthink is a phenomenon developed in groups marked by the consensus of opinion without critical reasoning or evaluation of consequences or alternatives."
I think DG investors understandably gravitate to / revolve around a relatively static set of companies, and we're all here to share thoughts and ideas. And when I've come to respect a person, I am happy to give their thoughts and opinions more weight. So knowing that they are putting their money the same place I am can be reassuring. But I never buy just on another person's say-so. And as for you all, I've never worried about your independent-mindedness!