Onward, a Fundrise Production cover image

9: Why financial history matters, with Ben Carlson of Ritholtz Wealth Management

Onward, a Fundrise Production

CHAPTER

Social Proof Is Like the Robert G.L.D.

The idea of social proof is such a big one where if you think, well, other rich people are going to be in that. So why wouldn't I? That was interesting. The guy who literally wrote the book on human gullibility was an investor and when I made offs feeder funds. And he said, I didn't do a whole lot of due diligence. I just saw that there were other rich people in it and I followed some friends into it. If it's good enough for that, it has to be good enough for me without doing your own thought process and your own research on it.That is a big thing that more people do that you'd probably be surprised

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