We Study Billionaires - The Investor’s Podcast Network TIP288: Current Stock Market Conditions - 2020 Crash - COVID 19 (Business Podcast)
Mar 22, 2020
The hosts discuss how COVID-19 has drastically altered stock, bond, and commodity markets. They compare their pre-crash positions and current strategies, with insights on potential global hyperinflation. Investment tactics like cash allocation and adding to compounders are emphasized. The conversation highlights the impact of external factors on stock values, especially in industries like airlines. They also warn of a possible currency crisis stemming from financial instability and explore the importance of patience and technology in navigating these turbulent times.
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Early Concerns about COVID-19
- Preston saw videos from China in January that looked like military chem-bio drills.
- This, combined with supply chain concerns, led him to anticipate a market crash.
Long-Term Strategy over Market Timing
- Stig advises against going 100% into cash, even during market downturns.
- Maintain a long-term strategy and avoid market timing.
Preston's Portfolio Positioning
- Preston minimized market exposure in February due to the pandemic and concerns about fiat currency.
- His portfolio consisted of cash and Bitcoin.
