Out of the blue, well maybe I should say out of Wuhan in China, our life has been disrupted by yet another virus. It is all over the news with the cases still rising along with the body count. And travel has been severely impacted. You can not escape the coverage and I thought I should dedicate my Wednesday random thoughts to this, so put your gas mask on and lets go!
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We have all seen and I have reported the link keeping track of how the virus is spreading from this site at John Hopkins University. But I found an even better site, this one titled Coronavirus Update (Live) at Worldometer.
Great article by Morgan Housel titled: “Corona Panic“. I think it is a must read, some selected excerpts:
This is the first global crisis in the social media age.
Uncertainty amid danger feels awful…Complex things are always uncertain, uncertainty feels dangerous, and having an answer makes danger feel reduced. We want firm answers when things are the most uncertain, which is when firm answers don’t really exist.
Risk has three parts: The odds you will get hit, the average consequences of getting hit, and the tail-end consequences of getting hit. How people respond to risk is heavily influenced by the tail-end consequences of getting hit, even if it’s the least probable outcome.
“Wash your hands” might be the best advice at this point…But it’s too simple for some people to take seriously. The idea that complex problems can benefit from simple solutions isn’t intuitive.
Risk is what you don’t see coming.
Cranky Flier wrote about it too: A Recipe for Coronavirus Panic That is Very Bad for Airlines.
Personally, here is how my life has been disrupted. My 80 year old mother was going to visit us in May, not anymore. My wife canceled her April trip to Singapore and Malaysia. Son’s business trip to India was cut short as his company decided to send them home early (as I had predicted). I have a conference I would love to attend mid June in San Francisco but I am waiting to see what happens with it…as I would hate to make all travel arrangements and then sort out all the cancellations if the organizers end up canceling it. Of course I am keeping my November travel plans to Greece for the Athens Marathon. Client’s son works in Milan and is supposed to come back in April for a wedding and now needs to make other arrangements…as in getting to another place in Europe to catch a flight back to the US. Another client’s mother canceled dinner with my client couple as “she did not want to infect them if she had the virus”. Since May opened up I would like to go to another conference in Denver…but what if it is canceled too? Wife’s company now has a company wide travel ban. A Housewares conference in Chicago later this month was canceled, 47,000 hotel rooms went poof like that. And Marriott finally came out with a hotel promo which is not only just ridiculous, I find it insulting. And they had the nerve to email me to vote for them for some stupid award again, WTF!
This is a great article about hand washing, something we all hopefully are doing now much more than ever before! Do You Really Have to Wash Your Hands for 20 Seconds? What if There’s No Soap?
Ok, this is all serious stuff TBB. You have anything to be entertained like you say you do in your blog mission? I am glad you asked, I sure do! John Oliver’s segment about coronavirus. You may not have 20 minutes so listen to the second half of it. Lol guarantee!
Lets get back to education: How Does the Coronavirus Compare to the Flu? To me, the toughest part about this new virus is the fact that you may have it and been spreading it all over without having any symptoms. Or very mild symptoms you blame on a cold.
If you are interested in deeper reading, this is great: The coronavirus was unexpected – but Xi, the US trade war and Hong Kong are China’s black swans too. Must read imho. Here is the first paragraph to give you a taste. Strong analysis continues from there, enjoy!
The Covid-19 crisis has starkly highlighted China’s strengths and weaknesses. Which other country has the political will and capability to quarantine a province of 60 million people? Which other country could build a new hospital in 10 days? But it also has to be asked: why were such drastic measures and Herculean efforts necessary in the first place?
Since I am clean shaven, I am good, hooray! Face mask respirator and its usefulness with different beard styles.
And if you are freaking about the wild volatility in the financial markets, here is a good article that may calm you down: COVID, Investing, and You: A Few Questions Answered.
In short, YOU are the biggest risk to your investments, not COVID.
Five, not everything is so bad, and there is some good news –
- 7.5 billion people continue to live
- More people are living healthier and longer
- Most people’s standard of living continues to improve
- It’s never been easier to create wealth
- It’s never been so convenient to live
- Food has never been so abundant
- Education and entertainment have never been freer
- Shopping, healthcare, technology have never been better
- Searching for and finding your long-lost friends has never been easier
- Lots of things have never been cheaper
- We have abundance of options like never (career, business, food, entertainment, travel, everywhere)
- It’s never been easier to see the world
- It’s rarely been so peaceful, prosperous, and progressive
And I leave you with this…
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Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Huell Babineaux Coushatta, Louisiana says
george please delete above, Love Huell
I saw a website selling N-95 Facemasks with a photo of the buyer imbedded on the front. When you put it on, it looks like your face. It’s so people can use facial recognition to unlock their IPhones.
It’s a great country.
Carl Pietrantonio says
Bronze! For the Pacific Northwest! Can’t read the blog yet except with struggle. Eye surgery yesterday. UGH! Expect the Corona Virus here soon. 9 dead to the south of me only 90 or so miles away. 2 suspected cases here in town.
Gonna be interesting! Stay Safe folks!
$500 million could have given millions of people access to clean water.
What a blow to Bloomberg’s reputation. No wonder people have issues with wealth inequality and the top 0.001%
Huell Babineaux Coushatta, Louisiana says
George please delete above, Love Huell
Not sure what is wrong with Rams today 🙂
Mike did the right thing. His concession email was one of the most gracious awesome things I have read. I had no doubt he will do the right thing. Class act all the way.
He spent his own money, not like Steyer who never stopped hitting me for a buck. You should see his philanthropy record. If he had only started sooner, that was a high risk strategy and I guess it did not work. Lesson: if you run for President, start early. And prepare for ambushes in debates too 🙂
He went for it when he saw the weak Dem field and thinking to give it a shot to save the country. Best qualified person we have had in decades imho. Without his help the Dems would not have taken back the house. He will do the right thing and back Joe. We all have our doubts about Joe but compared to the alternative he is a Messiah. I have no doubt Bernie and Elizabeth will do their best to give the election back to Trump, who remains a favorite.
And on we go…
Pocahontas will leave the race before Jack Dorsey is removed from Twitter. I give him 4 weeks, max.
LilMike is awesome. Who else could be that useless and inept and hang around months later than anyone thought possible only to drop out because on SuperTues he could only nab AmericanSomoa? 400-500m and you cant beat Bernie or Biden. Holy Cow thats a bad candidate. Its not a burn you feel in November when you pull the lever for Bernie is most of your soul dying as you vote for a Socialist. But think of all the free things we are gonna get.
Huell Babineaux Coushatta, Louisiana says
stay of of nursing homes and you will survive…..
Your crop of links today is great. I appreciate the content and information you post frequently, keep it up. I used one of your referral links awhile ago, hopefully it worked and you got paid. 🙂
18 cents yesterday from Amazon
No cc conversions month to date. I could start to like skipping Wednesdays you know…
Thought u would be excited today now that Pocahontas dropped out of the race. She saved the country from socialism.
WHAT IS JIM CRAMER’S TRADING SIGNAL TODAY RAMSEY????
Be careful out there 🙂
Happy Day today right? Mkt down? How the eff is Trump the youngest guy in the race for POTUS? Something is wrong with Joe Biden. He isnt going to hold up on the travel circuit. Whats with the Democrats propping up old geezers who cant even get thru the marathon. Hillary was collapsing in 2016, Bernies ticker aint very good and Biden loses train of thought and stumbles 2x a day during speeches. SuperThursday here we come.
The days of the clown Trump show are numbered.
If we all survive until November that is lol.
I remember the clip when Trump came down from Air Force One and turned the wrong way and…so many others. This could turn out to be a total gaffe fest!
The Con says
Next weeks Comic Con in Seattle is still on. 100000+ nerds expected.
I wonder how this movie will end.
Not going says
They have all been living in their parents’ basements and human interaction is over their computers so likely to be the safest gathering yet in the COVID era! 🙂