Learning From Other People’s Mistakes is Cheaper
One benefit of hindsight is that it imparts a cheap superiority over the past blunders of others. We certainly make more mistakes than we’d care to admit. Why not look down our nose and acquire some lessons learned from the mistakes of others?
Bitcoin, weekly. The late 2017 peak is completely obvious in hindsight… [PT]
A simple record of the collective delusions from the past can be quickly garnered from a price chart over time. Market peaks appear so obvious, after the fact. Perhaps with a little examination we can prevent some of our hard earned capital from being returned to dust.
Take bitcoin, for instance. What were those morons thinking who bought bitcoin at over $17,000 in