Links - 03/13/2023
“First, we seem to assume that if a lot of people are doing the same thing, they must know something we don’t. Especially when we are uncertain, we are willing to place an enormous amount of trust in the collective knowledge of the crowd. Second, quite frequently the crowd is mistaken because they are not acting on the basis of any superior information but are reacting, themselves, to the principle of social proof.” —Robert Cialdini [H/T Investment Masters Class]
Learning from Helzberg Diamond’s Barnett Helzberg - by John Garrett (LINK)
The End of Silicon Valley (Bank) - by Ben Thompson (LINK)
An investing thesis on microcap Growens SpA [by Matt Miller] (LINK)
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