BRUCE WHITFIELD: Covid-19 just got personal
What times like these teach us is that long-term wealth is created through a mixture of resolve to look through the noise and the ability to hold your nerve
28 April 2020 - 06:00
I was handling the lockdown just fine. Then I got the first-quarter statements for my retirement annuity. Now, suddenly, it’s personal.
You can intellectualise cycles and look back at 100 years of graphs and plot how previous crises merely appear as blips on a line on a screen, but the moment a historical event costs you money and you consider the long-term consequences of that value destruction, it hits home. Just as it did to investors in 1929, 1987, 1999, 2008 and countless others...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.