Throughout 2023, on numerous occasions we’ve touched the point of thinking probabilistically. As early as November of last year the concept was introduced to this newsletter and reiterated as I exposed myself to investors who thought of it as a valid approach to investing. I then came across Buffett letters. In them, Warren explains why the sole fact of thinking is a core part of his investing strategy. We expanded on this point in multiple times, but I always felt there was something missing.