English 한êµì–´ Cute & Wise Words "The four most dangerous words in investing are: 'This time it's different.'" A Quick Summary A friendly reminder that history tends to repeat itself, and assuming we are facing a completely new situation can lead to big mistakes. What it Means As Templeton says, simply hoping that bad things won't happen again is not a sound investment strategy. Pay attention to mistakes and learn from them. When things are going incredibly well or terribly wrong, it's tempting to think the old rules no longer apply. We might say, "It's different now!" But this cute yet sharp quote reminds us that human emotions like greed and fear haven't changed. Believing that "this time is an exception" often leads us to ignore valuable lessons from the past. Why it's Great It's so easy to get caught up in the excitement of something new and forget...