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Historic recurrence is the repetition of similar events in history. [a] [b] The concept of historic recurrence has variously been applied to overall human history (e.g., to the rises and falls of empires), to repetitive patterns in the history of a given polity, and to any two specific events which bear a striking similarity. [4]
For example, Judge Richard Posner once remarked that falsus in uno was a "discredited doctrine" based on "primitive psychology". This assertion was not made in relation to fraudulent documentation or a "material" inconsistency; rather, it was based on what the court characterizes as "innocent mistakes, trivial inconsistencies, and harmless ...
Two of Marx's most recognizable quotes appear in the essay. The first is on history repeating itself: "Hegel remarks somewhere that all great world-historic facts and personages appear, so to speak, twice. He forgot to add: the first time as tragedy, the second time as farce".
Obama paused and smiled, seemingly aware of the mistake. He then retook the oath the following day out of an "abundance of caution" -- inviting Roberts to the White House the next day.
Emotional decision-making is a common mistake investors make. According to research, cognitive biases such as herd mentality, loss aversion, anchoring bias and hindsight bias can diminish your ...
Murphy's law [a] is an adage or epigram that is typically stated as: "Anything that can go wrong will go wrong.".. Though similar statements and concepts have been made over the course of history, the law itself was coined by, and named after, American aerospace engineer Edward A. Murphy Jr.; its exact origins are debated, but it is generally agreed it originated from Murphy and his team ...
“My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage,” Buffett once said. The Oracle of Omaha is famous for his conservative approach to debt.
Disagree and commit is a management principle that individuals are allowed to disagree while a decision is being made, but that once a decision has been made, everybody must commit to implementing the decision. Disagree and commit is a method of avoiding the consensus trap, in which the lack of consensus leads to inaction.