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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Waldman's Rational Astrologies, or the Use and Misuse of Conventional Wisdom  | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="wueGARMD4r"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/09/waldmans-rational-astrologies-or-the-use-and-misuse-of-conventional-wisdom.html"&gt;Waldman&#x2019;s Rational Astrologies, or the Use and Misuse of Conventional Wisdom&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/09/waldmans-rational-astrologies-or-the-use-and-misuse-of-conventional-wisdom.html/embed#?secret=wueGARMD4r" width="600" height="338" title="&#x201C;Waldman&#x2019;s Rational Astrologies, or the Use and Misuse of Conventional Wisdom&#x201D; &#x2014; naked capitalism" data-secret="wueGARMD4r" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Steve Waldman at Interfluidity today has an important post on what he calls "rational astrologies" or when it makes sense to hew to widely accepted belief systems, even when you know following them won't necessarily produce the best outcomes. You really must read his post in full; I think the first part is terrific but have some quibbles when he tries extending his observation.</description></oembed>

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