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Oh, how we should have listened to her. According to John Hopkins University which keeps updates on the numbers, the worldwide tally of COVID-19 virus events as of June 19 was 8.5 million cases and 455,000 deaths worldwide.
As Charlie Munger has said, you simply throw it into the “too hard” pile and move on
Circle of competence is an essential concept in investing, and in life in general. Separating the knowable from the unknowable is vital. Many people buy companies with only limited information, certainly not nearly enough to say they see all the advantages of the business and, more importantly, not enough to see the critical pitfalls.
Knowing you don’t know something important and, therefore, avoiding the investment should be viewed as a huge positive. As Charlie Munger, vice-chairman of Berkshire Hathaway, has said, you simply throw it into the “too hard” pile and move