The quote, "The four most dangerous words in investing are: 'this time it's different'" by Sir John Templeton, means that investors should be wary of assuming that current market conditions and trends will persist indefinitely.
Templeton was a successful investor and philanthropist who believed in the importance of disciplined investing and avoiding irrational exuberance. His quote is a warning against the belief that the current situation is unique and that the traditional rules of investing no longer apply.
Investors who assume that the current situation differs from the past and fail to recognize the underlying similarities risk making costly mistakes. The quote emphasizes the importance of a long-term perspective and carefully considering historical trends and patterns in investment decisions.
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