This Time is Different: The Four Most Costly Words Ever Spoken - Deepstash

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This Time is Different: The Four Most Costly Words Ever Spoken

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The importance of focusing on the similarities

When we look at situations, we prefer to look for what is distinct. Instead, we should pay attention to the similarities.

The four words "this time is different" makes us incorrectly think that differences are more valuable than similarities. Wh...

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When we focus on the differences, we lose touch with the evidence that the similarities point out. The history of a matter provides context.

  • Consider investors and the dotcom bubble. People saw it as unique. We reasoned that everything would change, and everyon...

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