Is History Important?

I’m not one for history. It relates to things in the past. Not necessarily forgotten about, but it’s been, it’s gone, and it’s over. Done and dusted.

But however dusty those history books might be, I do concede that history is important. I hold no sympathy for the “You don’t know where you’re going if you don’t know where you’ve been” line, but history can effect the present and the future.

Here’s an example.

An unbiased coin is flipped, and tails comes up.

It’s flipped again, and again it’s tails.

And it’s tails again and again and again, and so on…at 50 flips the coin is still coming up tails.

The probability of heads coming up for the 51st flip, mathematically speaking, is still 50% i.e. there is an equal chance of getting either heads or getting tails.

But given the history, what would you bet on…heads or tails?

See how history is important?! 😉

Paul

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