Surviving The Pandemic: Five Great Lessons, Many Great Teachers From Munger to Churchill

Surviving The Pandemic: Five Great Lessons, Many Great Teachers From Munger to ChurchillQ2 2020 hedge fund letters, conferences and moreThe world is unpredictable.Anything can happen.If you didn’t know before the pandemic, you know now.So people seek comfort in predictionsCharlie Munger, famed investor and polymath, is rightly contemptuous of prognosticating pundits and latter-day soothsayers.As Charlie says, all prognosticators have one thing in common:“None of them know.”Five Instructions for Playing Pundit1) Be confident.2) Intone.3) If you got it wrong and do nothing else right4) Always re…

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HEDGE accordingly