Rodney, I think you need to read up on
opportunity cost.
You're doing what we call in poker "results-oriented analysis". Even if we could have checked a decade ago for the commonness of rogue waves, the mere fact that it would have saved lives and money is
still not enough to make the decision to ignore them a bad one. If you fold a 2 and 5 of spades before the flop and then the 3, 4, and 6 of spades come on the flop, that does
not mean that folding was the wrong decision, even though if you hadn't folded you would win every time.
Decisions must be made with all the relevant currently known facts in mind, and their correctness cannot be linked to actual results, given that all the information they were based on was true.