What Price Does Right Before It Breaks

The four most dangerous words in investing are: ‘This time it’s different.'

When almost everyone starts to agree on what’s coming next, when the story feels settled, positions pile up on the same side, and a quiet confidence spreads through the crowd - history quietly reminds us that the ground is seldom as firm as it seems.

So why do these moments of near-universal agreement so often prove brittle underneath, ready to crack under the slightest pressure?

That’s the part that actually matters, especially if you’re the one who has to live through whatever comes next, rather than just trying to guess it in advance.