11. The Brief Reminiscence

Inventory market: You overlook all in regards to the market decline. You rationalize it wasn’t as unhealthy as you feared. You can’t perceive why you bought some shares on the backside. Wasn’t it apparent the market would ultimately get better? You nearly inform your self it by no means occurred.

The chilly: You overlook you ever had a chilly. Wanting again, the time you have been ailing appears a lot shorter. You can’t perceive what all of the fuss was about. It was solely a chilly, wasn’t it? Individuals get them on a regular basis. It’s a foul reminiscence, so that you decrease or overlook it.

Whether or not it’s a chilly or a bear market, we have a tendency to not study from the previous. What was it that George Santayana stated? “Those that don’t study historical past are doomed to repeat it?” He really stated: “Those that can not keep in mind the previous are condemned to repeat it.”

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