LYV - Sailing Through The Coronavirus Typhoon
The higher goal of the crisis
Many excellent investors have commented on the current crisis, and one of the common threads is how unpredictable and how large the range of potential outcomes is. In one word: Uncertainty.
Before every conference call we are usually told that "the future is uncertain," but few investors used to put much weight on that. By the time the conference call reaches the guidance section, a precise range of figures end up in a spreadsheet and this is supposed to reflect the inherent uncertainty of the world.
Well, now we