[The Wrap] Random thoughts on an indiscriminate virus
Until recently it seemed coronavirus was just something others had to worry about; now it's become real with people not travelling, disruptions to supply chains, markets tumbling and battles for the bog rolls.
Pity the poor fund manager (not that I have ever come across a poor one) trying to make sense of what is going on. Yesterday was a wild ride on the US stock markets and the bull run which started in 2009 is now officially over.
Mind you a few may be poorer than they thought they'd be at the start of the year. With the end of the financial year only weeks away any thought of banking a big fat performance fee for massive outperformance over the year will have well and truly evaperorated.
I looked at my own share portfolio just before and the exceptional returns generated over the past 11 and a bit months have now pretty much all gone.
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