- Same-Same-But-Different Think of it as stock market cycles: there's bull, there's bear, and there are corrections in between. Same pattern, just different themes: technology bubble, oil crisis, etc, and duration.
- Different Audience Those who lived through the WWI/II, the oil embargo, housing crisis, etc, would have a different mindset than those who didn't live through it. And often those who had not lived through such events are the ones who repeat history.
"History does not repeat itself, but it does rhyme".
This is a quote that aids in quite a fair bit of my decision making.
History rarely repeats in an exact way, but often in similar ways.
In my view, there are 2 ways how history "repeats" itself
