How wise is the Reg CF Crowd?

For those to whom the terminology is new:

1) Reg CF is an SEC rule on the creation and use of equity crowdfunding portals, the intersection of high finance and social networks.

2) The phrase "the wisdom of crowds" was the title of a 2004 book by James Surowieck, deliberately echoed in the phrase I'm using as a headline here, which in turn I take from the source I'm linking you to below.

So the question "how wise is the Reg CF crowd" means "can equity crowdfunding portals as they exist at present effectively aggregate disparate information in the way Surowieck had in mind?

Here is the source: How Wise Is the Reg CF Crowd? - Financial Poise

This may lead some of you to ask: why did Faille start this brief post with that odd illustration? Simply because it is trivially true that not ALL crowds are wise. Bubble-creating speculative buying of an asset gets less wise the more people get in on it. Holland/tulips/windmills. In due course the holders can't sell it to a "greater fool" for more money because the greatest fools are the ones holding.

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