In his book The Wisdomof Crowds, James Surowiecki discusses how disconnects between status and knowledge often lead to inefficient outcomes in decision-making processes.
Whether it is my book or another, you will never find the Holy Grail of trading wisdom however with hard work and a great deal of persistence you will begin to pick up on nuances that can impact your trading a great deal.
The Diane of today still praises decentralization and her new book The Death and Life of the Great American School System is still filled with Hayekian wisdom.