I’ve been trying to look back in time and see why it wasn’t obvious too. From this vantage point, it is hard to believe that just two weeks ago we really didn’t know this was going to happen. I read the March 16th Bloomberg magazine again this morning and it wasn’t even hinting at something like this (granted it had probably been written a week earlier).
Things changed very very fast but as you say – how could we have not seen it coming with China and Italy doing a lockdown? It seems as obvious as the nose on our face!
But then I remember that if I yanked my money out every time I worried about a threat to the economy, I’d yank it out several times a year. And that’s no way to invest, as Rich so astutely points out.
Still my biggest regret is that someone came on Piggington just a week before the big Great Depression crash and told everyone to get out now. I didn’t listen. Boy was that guy right. I’ve never been able to find that post again, but I certainly remember it.
