How 1+1+1+1 Can Equal Less Than 4 - New York Times

Conglomorates may be poor at allocating capital.

FinanceProfessor.com: How 1+1+1+1 Can Equal Less Than 4 - New York Times

The other example that is used is the one of the used car that can be sold for less than the sum of its parts. The specialist knows the value of the parts, but the layperson does not and does not have the time to find out.

When stupidity pays

Nice one Chris and Arsene.

Stumbling and Mumbling: When stupidity pays

The noise-trader risk. Does it apply to other walks of life? Almost certainly. Does people that are loud and confident but limited in ability drive out those that are more cautious and more intelligent?