A thought
In the 1950s to the 1970s, information channels were so scarce that even the most studious investor, reading the same New York Times as everyone else on the morning commute, inevitably absorbed the same narrative, producing classic groupthink.
Today, I fear we might be recreating that exact dynamic at digital speed: millions of users generate daily AI briefings with near-identical prompts fed into overlapping models, receiving essentially the same market summaries, signals, and conclusions.
The result? A new era of synchronized thinking, just like 50–70 years ago, when alpha generation was far higher precisely because consensus created exploitable edges.
Independent thinkers who step outside the AI echo chamber will soon regain that same advantage.
Active stock-picking is poised for a comeback.
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The era of Google searches, circa 2005 to 2024, was always ad hoc, so they never produced groupthink on the level we saw in the 1950s, and may see again.
(AI image of what I'm arguing)