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The Importance of Understanding COVID
I did not see the downturn being as severe as it ended up being. My way of investing is I really don't spend any time on macro. Figuring out the future of an economy, you know, there's just a few humans that are gifted enough to do that. So if you look at someone like Bill Ackman, he really got it, he got it really well in terms of COVID and what is going to happen.