3 ms·
Congrats on your purchase. By all accounts the Model S seems worthy of the accolades it's receiving. What I do find interesting, is the apparent failure of the
by wamatt 14y ago
Congrats on your purchase. By all accounts the Model S seems worthy of the accolades it's receiving.
What I do find interesting, is the apparent failure of the wisdom of crowds in this specific instance. While it has proven to be a useful construct in certain contexts, it's by no means a universal truism.
Searching for Tesla articles circa 2007/2008, one notices a stark contrast. The voice of the majority, as evidenced in the comments, echoes a pessimistic outlook with going so far as to strongly assert arrogance/foolishness on Musk's part.
It's almost too easy to praise a success, looking backwards through time.
- saraid216 14y ago"Wisdom of the crowds" is a very specific phenomenon. It specifically depends on people not being able to talk to each other, as one of the four requirements, which is not true in this case. (Another requirement is that it be quantitative.)
- marvin 14y agoI agree with this. If the wisdom of the crowds was always a perfect voice, no stock would ever be mispriced. The stock market is just the wisdom of the crowds where you make money by being right.
- kevinpet 14y agoI think it's more a matter of most people writing about the Tesla in 2009 were automotive enthusiasts. They could not conceive of somebody wanting something that did not appeal to them, and concentrated only on the negative. This is the foolishness of enthusiasts. The wisdom of crowds was revealed by the purchasers.