How Does Your Model of Investing Change With the Pandemic?

I think that in this business you need to be a continuous learning machine. I made a significant change last year in the way I run the funds. Instead of buying a business that is undervalued, maybe 50% off or 60% off on what it's intrinsic value,. You focus more on long term compounders and businesses that can grow and scale over time. So instead of just buying what I've done for a long time, which has discounted pies, the focus changes to growing pies. Growing pies may have to sometimes pay a bit more for them because usually they recognize us at a business. But in many cases, the end result is a lot better.