Do we learn from history?

When Jeremy Grantham was asked, “Do you think we will learn anything from this turmoil?”, he responded, “We will learn an enormous amount in the very short term, quite a bit in the medium term and absolutely nothing in the long term. That would be the historical precedent.”

We have short memories. We need to be reminded regularly of the history, as a protection against our own mistakes during the extremes.

#RidingTheRollerCoaster – 177

Advertisements

One thought on “Do we learn from history?

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s