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Dan Rasmussen – Investing Through a Crisis - [Invest Like the Best, EP.163]
Invest Like the Best with Patrick O'Shaughnessy
The Psychology of Crisis
We spent a two years studying every economic crisis since 19 70, which we define as any time high yield spreads wen above six 50. And one of the things that we did, in addition to doing a lot of quantitative work, was go through and read the newspapers during each one of these crises to see what people were saying. We can't disprove the idea that this pan emic could kill 20 million people and shut down the us. Economy for a year. There's no way we can disprove that logically. Nobody, by the way, can prove that 20 million is a better forecast than 200 thousand. But who knows? I don't know certainly what's going to happen
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