"This time it's different"
It sounds pretty awesome to be part of a revolution. Hence, naturally we all want to believe that we’re living in one right now. The big shift. And certain industries are probably experiencing some kind of revolution. But most of them are just facing the fact of living in constant evolution.
Russell found an interesting book from the past.
This quote from a recent article in Forbes comes to mind as well.
The great global investor John Templeton (1912—2008) said that the four most dangerous words in investing are “This time it’s different.” In more than 30 years of managing money I have witnessed many a shift in market sentiment. It lurches from irrational exuberance (as with tech stocks a decade ago) to irrational gloom (bank stocks in March). I just don’t accept today’s gloomy view.
Onwards & upwards.







