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The market does not reward optimism
A balanced approach to Covid risks is needed to navigate this market successfully
Even in the middle of a global pandemic, being a pessimist is a tough gig. Everything you read seems to be full of silver linings. The commercial property market has collapsed? There’s an opportunity to work smarter and save money on office rent. Supply chains have been routed by travel restrictions and factory closures? We can look to in-source more of our production and become less reliant on other countries. Interest rates have fallen through the floor? That means debt is cheaper, so now is a great time to boost our balance sheet.
When you look at just how insane things are in the world right now, you might wonder what planet others are living on when they start talking about ‘what the pandemic has taught me’. Yet, somehow, people have managed to take away all sorts of worthy lessons. Maybe they’ve come to realize what really matters to them. Maybe they finally have a chance to take their foot off the accelerator and reflect on their achievements. Maybe they’re just enjoying a break from office politics. Everywhere you look you’ll find an abundance of positive anecdotes drawing on personal experiences from the pandemic, exhibiting a willingness to adapt and embrace change while discarding past practices that might have…
