Definitions of Retracement
Retracement is an uncommon word. It has many specialized definitions and no general meaning. It is most often thought of as a form of technical analysis in stock trading, wherein Fibonacci numbers are used to predict the price fluctuations of a stock. Retracement also has special meaning in land boundary surveying, where it means “to follow in the footsteps” of a previous or original surveyor. The word is occasionally used to describe the historical re-enactment of a long or famous journey.
In this website we use the word in a broader sense: to re-trace ideas new and old about resource management – the allocation and application of resources, including land, people, inventions and ideas, through essays, reports, and whitepapers. In choosing writings we distinguish between resource management and resource creation (such as what should or could be invented tomorrow). Our focus is making the best use of what resources are available today.
Some of these writings stand alone as presented here. Others are capsules of an idea or view that are expanded in papers for sale. If there is a consistent pattern, it is in two points:
- First, that the view is different from the commonly accepted, and
- Second, brevity. In the interest of both the reader’s time and comprehension, the writers make no attempt to stretch lucid whitepapers out to 300-page books.