There's a fine line between learning lessons from history and assuming that a lesson from history will inevitably happen again in the future. People, companies

There's a fine line between learning lessons from history and assuming that a lesson from history will inevitably happen again in the future. People, companies and life have elements of chaos and luck that have so far made consistent, accurate future predictions unreliable. People are good at identifying patterns, but we sometimes make the mistake of predicting the future based on past patterns. A classic example is the stock market where no one has reliably predicted the future without insider information. So, yeah it's good to know the history of GM, but let's be careful about projecting that onto Tesla.