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Coronavirus to COVID-19, the Woes Continues…
By Eight percent per annum  •  March 7, 2020
Markets collapsed 15% over the last few weeks as COVID-19 (renamed from coronavirus) raged and spread across the globe. The infection hit 100,000 people and caused over 3,000 death in 94 countries. The panic buying of toilet paper and other daily necessities in Hong Kong and Singapore were copied in Japan, Italy, US and various other countries. It's a complete pandemonium!
It is inevitable that masks run out. It is logical that people buy up alcohol wipes and disinfectants. It's acceptable that people go stock up on dried food, instant noodles, bottled water and other important items. But why toilet paper? We do not poop more because of the coronavirus. Some patients do vomit but we do not wipe with toilet paper to clean up afterwards. We wash. Toilet paper is not a necessity, we can always wash. Hundreds of millions of people wash daily, because they don't have the luxury...
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By Eight percent per annum
8% Value Investhink is a value investing / critical thinking knowledge platform with the goal to share knowledge, help understand investing and finance, and help develop critical thinking skills. One important objective would be to help others understand the concept of value and avoid overpaying, especially for property.
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