Stock Market Trading Rules by Philip Jenks

Author:Philip Jenks
Language: eng
Format: epub
ISBN: 9780857192134
Publisher: Harriman House

10. History is experience ... learn from it.

History is not a Xerox machine, and does not repeat itself exactly. Simply put, history is mankind’s past experience. It is said, experience is the best teacher, but it is much less painful to learn the hard lessons from the experience of others. In terms of human nature, investor psychology in the horse and buggy days is little different than today. Society may have changed, but human nature has not. Fear and greed continue to be the dominant market forces.

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