Post #2746 by Baltassar on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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there is no getting around the fact, as a smart fellow (whose name escapes me) said, that the key problem in investing is that all of our information is about the past, and all of our decisions are about the future.

It may be the key problem, but it is a problem that extends to life in general. Rejecting well-reasoned arguments based on past experience, simply on the grounds that future experience may be different, is to reject the possibility of argument as such.

As another smart fellow, whose name was Aeschylus, said, "All wisdom begins with memory."

Baltassar

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