A Quote by Charlie Munger
It's human nature to extrapolate the recent past into the future, but it's terrible that managements go along with this.
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The story and study of the past, both recent and distant, will not reveal the future, but it flashes beacon lights along the way and it is a useful nostrum against despair.
As the future ripens in the past, so the past rots in the future -- a terrible festival of dead leaves.
My main expertise is in the past, but if I have to extrapolate into the future, I would say: no good news any time soon and an obvious exit strategy is not apparent to me.
Only the human heart can live in present moment awareness. The human mind cannot, because its essential nature is to ponder the past and plan the future. This is why all wise beings encourage us to go beyond the mind into the timeless, boundless transcendence of heart-centered awareness.
The human condition can almost be summed up in the observation that, whereas all experiences are of the past, all decisions are about the future. It is the great task of human knowledge to bridge this gap and to find those patterns in the past which can be projected into the future as realistic images.
There's no present. There's only the immediate future and the recent past.
The past went that-a-way. When faced with a totally new situation, we tend always to attach ourselves to the objects, to the flavor of the most recent past. We look at the present through a rear view mirror. We march backwards into the future.
Canada does not just 'go along' in order to 'get along.' We will 'go along,' only if we 'go' in a direction that advances Canada’s values: freedom, democracy, human rights and the rule of law.
As human beings, it is our nature to dream about the future, but there is no future without a healthy nature. It's the common denominator that we all depend on, not just to live but to be happy. That's why we owe it to each other to make sure nature stays healthy.
Carrying the past in to the present, we program the future to continue the past. Letting go the past in the present, we free the future to be something else.
I valued the experience of making the recordings, and I value the performances contained therein, and I value so much of what they can represent. I also think they're a terrific listening experience. Putting them out this way was a way of trying to maintain and nurture the relationship with the audience and also shine a light on the recent past, because we are so apt to be forgetful as human beings that there was such a thing as a recent past. These are some of the reasons for making this record.
Nature is purposeless. Nature simply is. We may find nature beautiful or terrible, but those feelings are human constructions. Such utter and complete mindlessness is hard for us to accept. We feel such a strong connection to nature. But the relationship between nature and us is one-sided. There is no reciprocity. There is no mind on the other side of the wall.
Your past experiences will flavour your future ones, that is human nature.
The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
We human beings have enormous difficulty in focusing on the present; we always thinking about what we did, about how we could have done it better.... or else we think about the future, about what we're going to do.... But at this precise moment, you also realize that you can change your future by bringing the past into the present. Past and future only exist in our mind. The present moment, though, is outside of time, it's Eternity.... It isn't what you did in the past the will affect the present. It's what you do in the present that will redeem the past and thereby change the future.
To say that past managements of Citigroup were poor would be a kindness.
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