It definitely colors which questions I want to ask people.
It is possible to avoid these traps, but then there are a lot of traps that we collectively have the wisdom to avoid but individually do not.
I started taking things apart and putting them back together at a very young age. When I was a young man I was in a big hurry to get somewhere, and so I could walk into a brownfield project and slowly reconstruct and deconstruct how we got here, would I have made the same decisions with the same information, and how do I feel about this news. Not only was I not falling into the "1 year of experience 10 times" dilema, I got more like 3-4 years of experience 4 times in 10 years, by playing historian.
My first almost-mentor left me with a great parting gift at the start of the dot-com era. He essentially convinced me of the existence of the hype cycle (in '95!), that we were at the beginning of one/several, he had seen previous ones play out, and they would play out again. Not cycles for new things, mind you, but cycles trying to bring back old things that had been forgotten. Like fashion. If anything it made me more likely to want to excavate the site.
Going into the trap knowing it's a trap doesn't necessarily save you, but it does improve your odds. Of course it also makes you a curmudgeon at a tender age.