3 ms·
Every crisis is a little bit different than the previous crises but the world is _never_ completely different. It's not the same either but it rhymes. Excluding
by quantgenius 7y ago
Every crisis is a little bit different than the previous crises but the world is _never_ completely different. It's not the same either but it rhymes. Excluding all pre-2008 events because "the world is completely different" is dubious at best. Believing it's different this time is kind of a classic fallacy among traders who have only been around for one bull market.