Irony of it the be is that mouzelaot itself will look to a past in attempt to understand a future. Totally contradictory it know
You make this mistake a lot - probably explains why you get so many things wrong.
It's totally appropriate to look to the past in order to better understand what might happen in the future. There's a famous saying by George Santayana... "Those who cannot remember the past are condemned to repeat it", and another by Mark Twain... "History does not repeat itself, but it does rhyme."
The key point here is that future events are often similar to past events, because we live in a world where universal laws apply, and where human nature is largely unchanged from generation to generation.
I'll give you a basic example... every time I have ever dropped an egg on a hard surface, the shell has cracked. I can use these past events to deduce that the next time I drop an egg on a hard surface, the shell will crack.
Catweasel, I think you may find your life begins to improve if you learn to use past events to understand what might happen in the future. As it is, your life must just be a never ending sequence of repeated attempts at each action, as you repeat each daily activity dozens of times before chancing on a method that works, which you then immediately forget and are unable to apply this past knowledge the next time you want to do something.
I'm surprised you're even able to type messages on this forum. How do you know that a particular series of key presses and mouse clicks will cause posts to display here, unless you've learned from past experience that this is what normally happens?
Below is a chart of Australian real house prices over the past 120 years.
[snip]
You can see that real prices have been on a generally rising trend (with a few dips along the way) for the past 60+ years.
What do you think is the 'average' real price then?
Perhaps you believe the past 60+ years was just a blip, an anomaly, and that prices will 'revert' to the trend last seen in the 1800s and early 1900s?
Just to add to this, if you plot that chart using a log scale (as you should to properly examine a long term trend), the rise in real prices since 1950 has been pretty much linear.
Just to add to this, if you plot that chart using a log scale (as you should to properly examine a long term trend), the rise in real prices since 1950 has been pretty much linear.
:lol:
mouse understanding of logarithm - hilarious
how chart will look like if we use exponential scale? will that change price increase?
how chart will look like if we use exponential scale? will that change price increase?
1) It just looks pathetic when you try and adopt cat-speak - please give that a rest for all our sakes.
2) What are you on about? Do you really not understand the use of logarithmic scales when looking at long term trends of assets / things that exhibit a consistent average rate of return? Why don't you have a look at a linear scaled chart of the ASX over 100 years and tell us what that tells you then? Is it in any way useful?
how chart will look like if we use exponential scale? will that change price increase?
1) It just looks pathetic when you try and adopt cat-speak - please give that a rest for all our sakes.
2) What are you on about? Do you really not understand the use of logarithmic scales when looking at long term trends of assets / things that exhibit a consistent average rate of return? Why don't you have a look at a linear scaled chart of the ASX over 100 years and tell us what that tells you then? Is it in any way useful?
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