Groups of people are often better at figuring things out together than alone. But the wisdom of the crowd can get dumbed down when everybody shares a similar perspective—and research suggests that goes for analysts, too.
With venture-capital funds flowing freely, the competition to be a “disrupter” is brisk. Thing is, the battle for dominance burns lots of cash and hinders profitability while not disrupting much besides investors.
Americans are less likely to own their homes, cars or even their music these days, giving them flexibility and creating business opportunities, but those businesses are largely untested in an economic downturn.