I did an HN post this morning about Disney having the best day in company history yesterday...there is no rationality or reason for this, and sorry to every HNer I already mentioned the Keynes quote about the market remaining irrational longer than investors remaining liquid.
But seriously we have so much in the way of resources, but instead the millionaires and billionaires are investing in a cartoon mouse and company that runs theme parks, hotels and cruise ships that will not only remain closed for the foreseeable future, but when they do open people will not risk going.
Its not just the public companies either, look at the university systems. Between just the top 10 schools with the largest endowments and they have collectively over $250B stashed away. 10 non-profits have $250B, they have labs and they have researchers at the ready...but how much of that money are they spending to combat this? How many of these brilliant minds are at work in the labs?
I won't even get into the government response...all you need to do it look at the President of the US who accepts and promotes medication based on his feelings and hopes and shuts down actual medical experts. It is all so ridiculous believing this is a manufactured conspiracy would almost be easier to accept than what is actually happening right now. But when you are dead, you will be glad you bought that Disney stock for under $100/share, it is after all a once in a lifetime opportunity.
The most fascinating thing to me is to see how diametrically opposed reactions from different countries are. Especially those that have experienced SARS v. those that didn't.
But seriously we have so much in the way of resources, but instead the millionaires and billionaires are investing in a cartoon mouse and company that runs theme parks, hotels and cruise ships that will not only remain closed for the foreseeable future, but when they do open people will not risk going.
Its not just the public companies either, look at the university systems. Between just the top 10 schools with the largest endowments and they have collectively over $250B stashed away. 10 non-profits have $250B, they have labs and they have researchers at the ready...but how much of that money are they spending to combat this? How many of these brilliant minds are at work in the labs?
I won't even get into the government response...all you need to do it look at the President of the US who accepts and promotes medication based on his feelings and hopes and shuts down actual medical experts. It is all so ridiculous believing this is a manufactured conspiracy would almost be easier to accept than what is actually happening right now. But when you are dead, you will be glad you bought that Disney stock for under $100/share, it is after all a once in a lifetime opportunity.