Mistaking local maxima for global maxima, or mistaking local minima for global minima, happens way too often. 

This happens across everything (peak child, global reproduction rates, covid, stock market etc)

creating and destroying; built flying cars & autonomous vehicles, now building roc.camera, writings: july.rocks

It's crucial to keep a broader perspective and avoid getting trapped in short-term thinking. Distinguishing between local fluctuations and long-term trends can lead to more informed and effective decisions across various fields.