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Sunday, March 15, 2020 12:28:56 PM
As far as markets go -- no way to predict any kind of pattern. There is going to be lots of dislocation and chaos. And there will be indiscriminate patterns of winners and losers, because government aid is always scatter shot.
We are both cursed and lucky to be living in such a small world now. It's what spread this around so fast, but it's also what will make it so much easier to get this thing under control. The message is getting out now everywhere -- we all need to do our part to "flatten the curve".
I was part of the contingent poo-pooing this thing in the initial stages because it made no sense to me that we would single out this epidemic vs all the others in recent times. But the math now is clear -- if we don't do these simple things, we're going to unnecessarily kill hundreds of thousands of people. Partly because of the severity of the illness, but mostly because our system can't handle a full-on spike.
What I do like about all this is the potential to unite all of us against "a common enemy". It would be nice if the message didn't have to be so military -- but people are energized by the idea of going to war against something they deem "evil". But it isn't, of course. It's just a virus. It's no more evil than a rattlesnake or a shark. It's just doing its thing.
My advice to the board -- just stay home and enjoy the down time with your loved ones. Easter lies on the other side of this abyss. Have faith and look forward to a celebration of the human spirit.
“The trick is in what one emphasizes. We either make ourselves miserable, or we make ourselves happy. The amount of work is the same.” Carlos Castaneda
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