The answer is simple: Investment partnerships are the perfect breeding ground for groupthink.
Perhaps this groupthink lay behind the government’s pledge to guarantee the debts of Anglo Irish and five other banks in September 2008.
7another form of groupthink occurs when people are either isolated from crucial sources of information or dominated by other members of the group.
While groupthink may ultimately exist within the partnership model, it doesn't have to be nor should partnerships let it be the deciding factor at the end of the day.
Close-knit teams are particularly susceptible to the pull of groupthink.
Mr Mauboussin argues that problems occur when diversity breaks down and “groupthink” starts to take over.