(Philosophical reference) A Greek philosopher who advocated for skepticism, particularly about the possibility of certain knowledge. In the context of STR, this encourages hosts to be flexible and adaptable, as market trends and guest preferences can be unpredictable.
Glossary Term: Market Volatility
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A major options exchange. While not directly relevant to short-term rentals, it serves as a reminder of the importance of understanding market volatility and fluctuations, particularly for hosts with investments in real estate or other assets.