Since I started helping mutual fund and hedge fund investors pick stocks in the 1990s, I've experienced seismic-level shocks, such as 9/11 and the Great Recession, and smaller, yet still meaningful, dislocations, including Long-Term Capital Management's failure and the Internet Bust.
The current COVID-19 is a similarly heart-stopping crisis. It took just 16 days to enter bear-market territory - twice as fast as it took during the Great Depression or in 1987, when the bear market decline included the biggest single-day drop on record, an over 20% one-day drop on October 19, 1987.
The rapid