Wednesday, February 19, 2014

Herd Mentality

Two roads diverged in the woods. They took the road frequently travelled.
They said, "Study hard, work hard & find a safe, secure job"
They said, "Be an engineer. Engineers earn a heckload of money".
They said, "When you grow up, be a doctor"
They said, "Lawyers earn the most"
They said, "It's on sale, it's a good buy"
They said, "Stick it out...a few more years and you'll be promoted. Life will get better". 
They said, "Don't job is perfect. Where else can you go? What else can you do?".
'They' were not entirely wrong, but 'they' were not happy people. 

Think of it, all those people who said these to you...did they look genuinely happy? They followed the herd because they themselves had no idea what to do - they followed what everyone else did, because it was the safer choice.

When the banks told them that they could buy stuff they've always wanted, they were the first to sign up for those credit cards. They were also proud of the fact that those credit cards had the lowest interest rates in the market. 

The truth is, the herd does not always make the right decisions.

So, why are we still listening to them?

"When you've got 10,000 people trying to do the same thing, why would you want to be number 10,001?" - Mark Cuban

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