Learn from the past
The things we see today are, in some ways, the same as what has happened some time ago. It is also likely to happen again in the future. It may not always be the same way, but close enough to identify it as a reoccurrence.
History is full of occurrences that repeatedly happen. Many people that trade in shares know that the prices go up and down. It has always been so. It could be high one hour and low the next. If you are excited about the investment, you may buy it when high. You are likely to experience a price drop when people begin to sell. Some will sell like others out of fear but will have incurred a significant loss in a short time. Everyone may be selling, but not everyone is doing so at a loss. The knowledge of the past helps some to make informed decisions, while the lack of it has made others incurred losses out of fear. If you can discover a consistent pattern in the past, it may give you a clearer picture of the future.
An investor that has studied that pattern can be comfortable to buy when the price drops to a certain level. The drop could be for many reasons, but he is at rest because he understands why. It could because of the season, demand, changes and so on. Insight into the past patterns gives some assurance because he knows it will pick up again after some time.
Have you experienced losses and wondered why? Are you selling at a loss while others are making profits? Are you struggling where others are succeeding? Are you anxious while others are at peace? You might have missed something significant that others know. It could be the knowledge of the past.
The same is relevant to life. If you know how it has worked, it will help you manage your expectations and prepare accordingly. If you are expecting a baby, for instance, relevant information would be presented to you. One of them is that the pregnancy will last for about nine months. It has been proven so many times by so many people. If you have found yourself in the same shoes, it is unlikely to be different. You can make the most of it. Help is available for each of the phases, especially from those that have already been there.
The peculiarity of the season means that there are so many things that will change. You cannot eat some foods that you desire. Some clothes you like to wear may have to wait. Activities you would have loved to do will have to go down the priority list. They may not be wrong but perhaps incompatible with the phase or season.
You may be going through a period of inconvenience or restrain because of what you are about to deliver. You cannot do all the things you used to do, yes, but it is for a purpose. You are about to birth a change. If you want to bring forth something new, the past may give you an idea of the price to pay. It has happened sometimes in the past, so some information that could help you go through the same situation is available for your benefit.
There have been several economic crises in the past. Some were able to survive, while some others were not fortunate. What can we learn? We can learn a lot. The answers to some questions will go a long way in providing solutions for those experiencing the same thing now and in the future. How it happened, why it happened, when it happened, the impact, what people did to recover, what to do to prevent a reoccurrence, and so on. The information would help meet future needs. It could prevent or reduce the impact in case of an inevitable occurrence. It is a significant help that is available that no one should ignore.
The same is true for disasters like floods, hurricane, tsunami, epidemic, pandemic etc. If we learn more from history, it could help us better prepare and reduce the impact. The world has experienced so much and has provided us with a rich history. It will not only help to live better but also help to avoid the mistakes of the past. It is the way to maximise the opportunities of the future.
At the outset of the coronavirus that started in China, many nations reacted differently. Taiwan, a country very close to China, recorded very few deaths. The number is less than ten to date, according to statista.com, a statistics website. Many would wonder what they have done differently.
It is interesting to know that Taiwan is not even part of the World Health Organisation. It decided to implement a series of measures, such as screening, aggressive containment, quarantine, and monitoring from December 31, 2019. It was the day it learned of the virus then unknown in the Chinese city of Wuhan. Why did such measures come to mind? You may ask.
I discovered that in 2003, Taiwan was among the worst-hit territories during the severe acute respiratory syndrome (SARS) outbreak claiming 181 lives. Taiwan’s National Health Command Center (NHCC), set up during the SARS outbreak, represented the pool of resources and lessons from the past. They responded so quickly because of the crisis they suffered in the past. They understood the implications and impact of a similar occurrence in the past. They went all out to prevent another one.
The past gave them the necessary information and sense of urgency to react to the signs of another similar outbreak. The nation once experienced loss; it could have happened again, but relevant measures were put in place to prevent it. Losses, at a larger scale, were averted by learning from the past.
There are now so many similar initiatives in different nations to prevent such losses. If we learn from the past, it prepares us to save the moment and the future from further loss. Whatever your need, you may find some clues in similar events that happened in the past that could help. Please, do not neglect the past. It may be repeating itself.
To be continued next week, don’t miss it.
Thank you for investing time to read this post. I hope you have found it valuable. I will be glad to hear from you. Please leave a comment below and share.
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