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Yeah but that's like the old quote that the stock market successfully predicted nine of the past five recessions. Sometimes, in hindsight, it might have been th
by lorenzhs 6y ago
Yeah but that's like the old quote that the stock market successfully predicted nine of the past five recessions. Sometimes, in hindsight, it might have been the right thing to do. But most of the time, when you look back at what people on HN said we needed to action about immediately, it would have been an absolute overreaction. You can't know which of the two situations you're in beforehand.
- landryraccoon 6y agoI bet that even if we overreacted every time, if you added up the cost it would be less than what Covid has cost us. In other words, that one time it's real it's more expensive than preventing 10 events that didn't happen.
- lorenzhs 6y agoThere's a lot to do, then: https://hn.algolia.com/?query=we%20must%20immediately&type=comment https://hn.algolia.com/?query=we%20must%20immediately&type=c...