I was having a conversation the other day about some of the dumber ideas in finance that don’t see to want to die — which led to a laundry list of really bad economic memes, investment concepts, and other assorted silliness.
But all of this begs the question:Why don’t bad ideas die? Why are there all of these zombie concepts that are clearly wrong, money-losing foolishness that seem to hang on forever?
Where is Darwin in all this?
Any suggestions? I am really curious as to why this is . . .