A review of how the pandemic, financial markets, and government policy evolved in 2020 to make for an unforgettable year.
Topics covered include:
- Why the Covid-19 pandemic ranks as the second worst in modern history
- What is the difference between risk and uncertainty and how our investing should be different when dealing with uncertainty
- What portfolio changes did David make in 2020 and how should he have invested if he had perfect foresight
- Why speculative assets such as gold and cryptocurrencies have performed so well in 2020
- Why high savings rate and pent up demand provides a tailwind for the economy
- How to invest and live when the future is unknowable
Thanks to Policygenius) and LinkedIn) for sponsoring the episode.
Show Notes
286: Coronavirus and the Financial Impact of Pandemics)
291: How To Survive the Coronavirus (COVID-19) Shutdown)
Madame Vivelda—Saturday Night Live)
What Is Risk vs Uncertainty?—Money For the Rest of Us Guide)
299: Has the Pandemic Changed You?)
Personal Saving Rate—Federal Reserve Bank of St. Louis)
302: Investing is Not Knowing)
310: Why the Stock Market and Economy Are Rebounding So Quickly)
How 700 Epidemiologists Are Living Now, and What They Think Is Next by Margot Sanger-Katz, Claire Cain Miller, and Quoctrung Bui—The New York Times)
Paul McCartney Is Still Trying to Figure Out Love by David Marchese—New York Times Magazine)
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