The parable of six blind men and an elephant, goes like this —
When a group of blind men, who had never come across an elephant before, encounter the tusker for the first time, they try to conceptualize the animal by touching it. Each blind man feels a different part of the elephant’s body, but only one body part, such as the tail or the trunk. Then they discuss their understanding about the elephant.
The man who had touched the elephant’s side says, “It’s very much like a wall.”
The one who held the elephant’s tusk declares, “No! it’s like a smooth spear.”
“Not really. It’s like a python.” Claims the man who grabbed the trunk.
“You’re all mistaken.” shouts the man who got the elephant’s tail. “It’s like a thick rope.”
“I know we’re all blind but have you guys lost your mind also?” The fifth man who touched the animal’s ears says, “It’s like a big fan.”
“Come on, folks! What’s wrong with all of you?” Argues the sixth man who was leaning against the elephant’s knee, “It’s definitely like a tree.” [Read more…] about Latticework of Mental Models: The Rashomon Effect
It was sometime during late 1999 through early 2000, near the peak of the dot-com bubble, the legendary George Soros and his hedge-fund team were working on how to prepare for the inevitable sell-off in technology stocks.