Michel Pireu Columnist

The good thing about having been around during the 2008 financial crisis is you don’t have to come up with anything new this time around. Especially if what you wrote back then was so hellishly clever that it’s well worth repeating. So, not to be opportunistic but because, let’s face it, it’s the right thing to do, here is a rehash of some of the better advice (not that there was ever any not-so-good advice) given back in 2008.

Anxiety causes strange behaviour. Have you noticed, for instance, how everyone’s suddenly going around asking everyone else what’s going to happen to the stock market? As if anyone could possibly know. The only thing more surprising is the number of people who seem to think they do. They’ll tell you without any doubt that, “This is just the beginning.” Or that “The market will go down for another week or two and then recover.” Otherwise “The worst is already over.”

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now