Because yes by default you will absolutely repeat history unless you acknowledge that those old timey crazy people were fundamentally no different than you.
Because yes by default you will absolutely repeat history unless you acknowledge that those old timey crazy people were fundamentally no different than you.
Our predecessors didn’t make mistakes; they made rational choices that led to outcomes we don’t like.
We (for some subset of us that become business leaders) will make similar choices that those who come after us will view as mistakes.
They will rightfully think that we made the “same” “mistakes” because our rational decisions will be made in response to similar pressures.
For example, we are going to make short term optimal/long term detrimental decisions, just like our predecessors, because we are subject to the same demands from investors for short term gains and from our leadership to hit short term goals in exchange for increased compensation.
Don’t hate the players, hate the game.