Crowd Wisdom (#381)

The power of knowing when to follow the crowd...and when not to.

Over the past few years, I have taken many trains from New York’s Penn Station to Boston. Over those trips, I’ve noticed a pattern: about 5-10 minutes before the arrival track of a train is announced, people start to congregate around a specific track where they believe the train will be.

While you’d expect the results to be no better than blind guesses,…