It seems like the mood everywhere is very sombre now. The vibe we are getting is that, everyone is bunkered up and staying at home. Social activities are limited to friends meeting at home. For out of home activities, it is mostly limited to supply runs as opposed to leisure activities. We wanted to share a bit more thoughts about the current situation of the economy. Our thoughts are a bit all over the place now and hopefully documenting it down will help us focus our thoughts, and subsequently give us more resolve in either deploying our cash now or holding on a bit longer.

Has The Market Sufficiently Price In The Demand Shock?

Speaking to some of our friends who have been investing too, the overall consensus is that the current market correction rewrote how we should be investing. Without knowing what the “new normal” is, it is hard to “price” equities now....