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The Importance of Studying History
Adam God advises readers to ignore macro indicators and simply focus on businesses in their industry developments. He also recommends being a student of history, which opens us up to possibilities we otherwise wouldn't have considered. Bubbles are typically fueled by the narrative of some major technological revolution, cheap liquidity, higher leverage that is oftentimes disguised. The game does not change and neither does human nature. We will continue to see booms and busts throughout our lifetimes.