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Old 05-04-2020, 13:40   #1811
jfman
Architect of Ideas
 
Join Date: Dec 2004
Posts: 11,146
jfman has a nice shiny star
jfman has a nice shiny star
Re: Coronavirus

Mogg getting a bit of stick on Twitter because his investment fund has issued an update that this situation presents a "once or twice in a generation opportunity". While against the backdrop of Premiership footballers being asked to take a wage cut (of course - the Government could legislate to make all high earners £1m+ p/a pay more tax) it doesn't look particularly good to the pitch fork wielders of Twitter.

The other part of me though is asking the obvious question - are they offering anything particularly insightful with this? It's not exactly a hot take to say if you pick up investments as the stock markets collapse in a panic that if you are willing to bide your time you are likely to see substantial returns at the other side of a recession.

Similarly if you are thinking of a big house move house prices will fall shortly and borrowing has never been cheaper. This doesn't make me Warren Buffet or George Soros here.
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