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← Market history teaches why things behave as they do, never what happens next, because the details never repeat.
17 connected korrents · 19 moments from 4 Jan 2017 to 15 Sept 2026.
Everything filed under investing
investing
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stock market Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Market history teaches why things behave as they do, never what happens next, because the details never repeat. Market history teaches why things behave as they do, never what happens next, because the details never repeat. Last stated 3 years ago
7 Apr 2024
MH
Morgan Housel — holds since 2024-04-07 — tap for who they are
Same subject: History does not repeat itself, but patterns of human behaviour do, and what always follows an economic crisis is political upheaval. — tap to centre the map on it History does not repeat itself, but patterns of human behaviour do, and what always follows an economic crisis is political upheaval. Last stated a year ago
24 May 2025
JH
James Holland — holds since 2025-05-24 — tap for who they are
Same subject: History teaches complexity rather than prediction: it can explain the mechanisms of change without licensing any claim about what comes next. — tap to centre the map on it History teaches complexity rather than prediction: it can explain the mechanisms of change without licensing any claim about what comes next. Last stated 10 years ago
4 Jan 2017
AP
Ada Palmer — holds since 2017-01-04 — tap for who they are
Same subject: History has no predetermined path: its course turns on unpredictable contingencies rather than on deep currents that would have produced the same outcome anyway. — tap to centre the map on it History has no predetermined path: its course turns on unpredictable contingencies rather than on deep currents that would have produced the same outcome anyway. Last stated 4 years ago
26 Aug 2022
BD
Bret Devereaux — holds since 2022-08-26 — tap for who they are
Same subject: More about money may be learned from fields like politics, military history, biology and sociology than from a finance book, because the question is how people make decisions. — tap to centre the map on it More about money may be learned from fields like politics, military history, biology and sociology than from a finance book, because the question is how people make decisions. Last stated 2 years ago
28 May 2024
MH
Morgan Housel — holds since 2024-05-28 — tap for who they are
Same subject: The computing industry does not know its own history, so it discards the great lessons of its pioneers and has to rediscover them over and over. — tap to centre the map on it The computing industry does not know its own history, so it discards the great lessons of its pioneers and has to rediscover them over and over. Last stated a month ago
15 Sept 2026
TL
Tobias Lütke — holds since 2026-09-15 — tap for who they are
Same subject: Stock market history is too short to settle much: it holds only three non-overlapping thirty-year periods. — tap to centre the map on it Stock market history is too short to settle much: it holds only three non-overlapping thirty-year periods. Last stated 2 months ago
27 Aug 2026
BC
Ben Carlson — holds since 2026-08-27 — tap for who they are
Same subject: Seeing something many times does not put it into memory: familiarity with a thing and knowledge of it are different, and people confuse the two constantly. — tap to centre the map on it Seeing something many times does not put it into memory: familiarity with a thing and knowledge of it are different, and people confuse the two constantly. Last stated 3 months ago
13 Jul 2026
AC
Alan Castel — holds since 2026-07-13 — tap for who they are
Same subject: Reading further back in history shows that what feels new and unique to the present era is usually a very old pattern. — tap to centre the map on it Reading further back in history shows that what feels new and unique to the present era is usually a very old pattern. Last stated 5 years ago
25 Jan 2022
MA
Marc Andreessen — holds since 2022-01-25 — tap for who they are
Same subject: A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. — tap to centre the map on it A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. Last stated 10 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. — tap to centre the map on it A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. — tap to centre the map on it Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: An investor's starting point should be the portfolio that is best to hold independent of any tactical market view — tap to centre the map on it An investor's starting point should be the portfolio that is best to hold independent of any tactical market view Last stated 2 months ago
25 Aug 2026
RD
Ray Dalio — holds since 2026-02-19 — tap for who they are
NM
Nick Maggiulli — holds since 2026-08-25 — tap for who they are
Same subject: At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. — tap to centre the map on it At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
Same subject: An investor who passes on a pitch they find truly novel will often still refer it to another investor, to get credit for having found it. — tap to centre the map on it An investor who passes on a pitch they find truly novel will often still refer it to another investor, to get credit for having found it. Last stated 3 months ago
5 Aug 2026
ZH
Zach Holman — holds since 2026-08-05 — tap for who they are
Same subject: Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. — tap to centre the map on it Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. Last stated 2 months ago
3 Sept 2026
PG
Paul Graham — holds since 2026-09-03 — tap for who they are
Same subject: If whatever is being done is done well enough, investors won't be needed at all. — tap to centre the map on it If whatever is being done is done well enough, investors won't be needed at all. Last stated 2 months ago
1 Sept 2026
PG
Paul Graham — holds since 2026-09-01 — tap for who they are
At the centre
Market history teaches why things behave as they do, never what happens next, because the details never repeat.
Holds Read this korrent →
History does not repeat itself, but patterns of human behaviour do, and what always follows an economic crisis is political upheaval.
Holds
History teaches complexity rather than prediction: it can explain the mechanisms of change without licensing any claim about what comes next.
Holds
History has no predetermined path: its course turns on unpredictable contingencies rather than on deep currents that would have produced the same outcome anyway.
Holds
More about money may be learned from fields like politics, military history, biology and sociology than from a finance book, because the question is how people make decisions.
Holds
The computing industry does not know its own history, so it discards the great lessons of its pioneers and has to rediscover them over and over.
Holds
Stock market history is too short to settle much: it holds only three non-overlapping thirty-year periods.
Holds
Seeing something many times does not put it into memory: familiarity with a thing and knowledge of it are different, and people confuse the two constantly.
Holds
Reading further back in history shows that what feels new and unique to the present era is usually a very old pattern.
Holds
A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at.
Holds
Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund.
Holds
An investor's starting point should be the portfolio that is best to hold independent of any tactical market view
Holds
At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk.
Holds
An investor who passes on a pitch they find truly novel will often still refer it to another investor, to get credit for having found it.
Holds
Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same.
Holds
If whatever is being done is done well enough, investors won't be needed at all.
Holds