The famous Munger, Buffet, Graham adage is to only invest in a quantity that you understand, with the implication being that you understand how its operations a

The famous Munger, Buffet, Graham adage is to only invest in a quantity that you understand, with the implication being that you understand how its operations are going to make you money. Munger might also advise against investing in internet companies that are difficult to distinguish from crypto projects. You can, of course, due to your misunderstanding call something nothing when it is really something, and thereby miss out on the windfall. But the other adage of the Munger, Buffet, Graham school of investing is that there are no called strikes in investing.