Today’s episode exposes the concept of “fooled by randomness” and how we fool ourselves into believing our experience of the recent past will continue on forever into the future. Ken brings in three shocking graphics that show how important it is to use as much history as is available to make our most important decisions, like buying and selling houses. Listen in and see if you are acting like a follower or a leader. Stay tuned until the end when Ken illustrates how to get a worst-case scenario valuation on what house prices might do in the next few years.
Here are the charts to follow along:
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