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Strategies & Market Trends : Strictly: Drilling II

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To: patron_anejo_por_favor who wrote (28466)2/20/2003 9:48:01 PM
From: habitrail  Read Replies (1) of 36161
 
<<history as mechanism>>
I like the aphorism, "history does not repeat, but it rhymes"

I see relying on past events and rules of thumb as a poor substitute for positive knowledge about something. If there is absolutely no other choice, but to rely solely on historical evidence, then I will do so, but it always feels like I'm driving through the rear-view mirror.

Cargo-cult science is what Richard Feynman used to call it and I think that's apt.

Regarding gold, maybe history is the best guide we have. If so, then great. I certainly have not come up with much better, or I would have said so before, but I am still looking for now.
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