If you could predict which house will burn down, there would be no point: “All I want to know is where I’m going to die, so I’ll never go there.” - Charles Mun

If you could predict which house will burn down, there would be no point: “All I want to know is where I’m going to die, so I’ll never go there.” - Charles Munger But we don’t actually know the future that well, so even if we know that some houses are riskier than others, it’s still worth buying.