COVID-19 global outbreak
Forget about the Asian Financial crisis or the 2008 sub-prime mortgage crisis.
Analysts are currently facing an unprecedented difficulty in developing a model to generate forecasts for the near future. Even Goldman Sachs economists are labelling the current situation as that of Knightian uncertainty (a.k.a no one knows wtf is going on). I won’t pretend to be an expert here. My point is that it is increasingly probable for Q2 of 2020 to be the worst quarter ever since the 2008 crisis.
Why should I care as an investor?
Warren Buffett once said that it is wise to be “fearful when others are greedy and greedy when others are fearful”. But these are just empty words.
After years of the bull market, the time has finally come for us self-proclaimed contrarians to practise what we preach!
See y’all on the other side everybody!
Stay safe, stay healthy and huat ah! ❤