Investing in Stocks That Have a One in 100 Chance of a Big Loss

I think a lot of it is not thinking in terms of probabilities and stuff. I just think that in terms of the probabilities when you think about it, they are hugely riskier in a case like that. You know, saying that there's like some credit issues with Carvana, for instance, means there's a level of recklessness with the way in which they handled the possibilities. And those are also things that tend to persist right over time with the company too. So if you're used to investing in stocks that have a tiny, tiny one in 100 type chance of something like that happening, now you're investing in things that might have a one in five chance or something, you