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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. When your reasoning and plans are based on the differences, you are probably speculating.
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What happens when we see only the differences
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 everyone ...
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