"Too Much Exploiting and Not Enough Exploring Leads to Fragility."
Ant colonies rely on a diverse mix of explore and exploit activities to sustain their ecosystem and to promote resilience and robustness to outside shocks. The market is also healthiest when it has a mix of exploited leadership backed by strong breadth (explorations).
The market failed in 2000 due to excessive exploitation of leadership (internet bubble) while neglecting the duty to explore. . .
