Yeah I think he used the word intuition. Exactly same insight though. I think “recency” is the bias that causes our view that tomorrow will be pretty similar to

Yeah I think he used the word intuition. Exactly same insight though. I think “recency” is the bias that causes our view that tomorrow will be pretty similar to today. I’ve noticed it in myself, for sure. Market at X? Yup that seems rational. Hard to imagine the market at 2X or 1/2X. Bitcoin blew my mind during the ultra-growth phases.