Monday, March 9, 2020

Warren Buffet on Fear and Investing

The  New York Stock Exchange dropped 7% at the start of trading over continued fears over coronovirus, combined with investors reacting to a glut of crude oil causing benchmark prices to tank.

At the District of Calamity, there is more confidence in political prognostication rather than inklings on investments or immunology. However, with some cognitive (rather than social) distancing, this is not the bubonic plague and America's health system is not medieval medicine.  Moreover, media seems to be pushing a crisis, presumably for ratings and as another avenue to imperil the current Administration.

Thus it is prudent to take into account the wisdom of Warren Buffet, the Wizard of Omaha, on fear and investing.