Self-delusion and wilful blindness, how great thou art. See: Investors Seemingly Learned Nothing from History:
“…I am blinded by a sense of history…In our flat, interconnected and networked world, the odds favor less stability over more stability.
To this observer the markets’ dominos are exhibiting signs of falling around all over — in consumer packaged goods, in (T)FANG, in retail and elsewhere. Yet the selective memory of the talking heads in the business media emphasize the narrowing field of outperforming stocks (e.g., Nvidia Corp. (NVDA) and Deere & Co. (DE) ) that have been working, failing to see those falling dominoes around them.”
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