My impression is that the elimination of memories greatly reduces the value of the experience.

We think of our future as anticipated memories.

If people are failing, they look inept. If people are succeeding, they look strong and good and competent. That's the 'halo effect.' Your first impression of a thing sets up your subsequent beliefs. If the company looks inept to you, you may assume everything else they do is inept.

Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and that happens to be the case even for memories that are not true.

True intuitive expertise is learned from prolonged experience with good feedback on mistakes.

Experience had taught me that even the most precious memories fade with the passage of time.