There have been a few "generational" events that have impacted stocks since I began helping professional mutual fund and hedge fund portfolio managers in the late 1990s.
Covid-19 is another one of these events.
These moments are incredibly scary for investors, and more broadly, society. And the temptation to react during periods like we're witnessing now is understandable. However, reacting to news flow or price action isn't a winning strategy long term. Reacting can produce positive short-term results, but market history shows it hamstrings the pursuit of financial independence over time. Why? Because the market's