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930: Morgan Housel | The Power of Preparation Over Prediction
The Jordan Harbinger Show
Predicting Future Behaviors Based on Historical Patterns
The insights from the snip reveal that historical patterns of human behaviors tend to repeat over time, as observed during economic depressions which display similar stock market and real estate market behaviors across different time periods. Similarly, the behavior of customers also remains consistent over time, as evidenced by Jeff Bezos' statement about Amazon customers' enduring preference for big selection, fast shipping, and low prices. These insights illustrate the value of predicting future behaviors based on historical patterns that persist over time.
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