Chapter 4, Is the Market Really A Crowd?, p. 49
“
In Freud's crowd, the individuals fasten on an object, substitute it for their ego ideal, and all those with the same ego ideal identify themselves with each other in their ego. Remove the object and you get anxiety.
— George Goodman
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "In Freud's crowd, the individuals fasten on an object, substitute it for their ego ideal, and all those with the same ego ideal identify themselves with each other in their ego. Remove the object and you get anxiety." in the context of "Chapter 4, Is the Market Really A Crowd?, p. 49" to mean that wisdom is timeless.
Source: Wikiquote: "George Goodman" (Sourced, The Money Game (1968))
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About George Goodman
George Jerome Waldo Goodman (born August 10, 1930, in St. Louis, Missouri) is an American author and economics broadcast commentator, best known by his pseudonym Adam Smith (which was assigned by Clay Felker at New York Magazine in order to keep his published articles about Wall Street anonymous). He also writes fiction under the name "George Goodman."
About George Goodman
George Jerome Waldo Goodman (born August 10, 1930, in St. Louis, Missouri) is an American author and economics broadcast commentator, best known by his pseudonym Adam Smith (which was assigned by Clay Felker at New York Magazine in order to keep his published articles about Wall Street anonymous). He also writes fiction under the name "George Goodman."
View all quotes →