hind·sight

[hahynd-sahyt]
noun
recognition of the realities, possibilities, or requirements of a situation, event, decision etc., after its occurrence.

Origin:
1850–55; hind1 + sight

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
hindsight (ˈhaɪndˌsaɪt) [Click for IPA pronunciation guide]
 
n
1.  the ability to understand, after something has happened, what should have been done or what caused the event
2.  a firearm's rear sight

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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00:10
Hindsight is always a great word to know.
So is ninnyhammer. Does it mean:
a fool or simpleton; ninny.
a chattering or flighty, light-headed person.
Etymonline
Word Origin & History

hindsight
early 19c., "backsight of a firearm," from hind (adj.) + sight. Meaning "seeing what has happened" is from 1883, probably formed on model of foresight.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The scientific method is one that is strictly based upon hindsight.
Hindsight is indeed easy, but this is hardly the first time financial market s
  have overreached.
In hindsight, that was when she stopped bothering herself with keeping us
  together.
In hindsight, perhaps the little red wagon should have been a tip-off that the
  cutting edge was still a little dull.
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