The recent past has been uneventful

from Warren Buffett – Letter To Shareholders 2012 on Rap Genius

Meaning

Buffett here refers to the tendency of humans to make future predictions by straight-line extrapolating from the recent past.

It doesn’t seem to matter how often experts point out that this is a behavioral bias — people do it all the time, and get upset when you point out that they’re doing it.

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