What I’m reading

Last weekend I did some research on the coronavirus. (I’m definitely not an expert in this field).

My filter bubble.

Naval Ravikant (brilliant guy) created this twitter list, and after following it for the last couple of days, I learned a lot.

Bill Gates shared his perspective in his latest article;

Now we also face an immediate crisis. In the past week, Covid-19 has started behaving a lot like the once-in-a-century pathogen we’ve been worried about. I hope it’s not that bad, but we should assume it will be until we know otherwise.

Read the article here; Responding to Covid-19 — A Once-in-a-Century Pandemic?

Then we have people that keep saying; ‘don’t panic, more people die from falling from the stairs or drowning in the bathtub’.

Well, Nassim Taleb has some advice here:

Yesterday he tweeted this:

For those still unable to understand that death from multiplicative processes such as corona are NOT to be compared to those from thin-tailed sources, see Chapter 3 of the new book:

Be informed, and plan; 

Planning now and doing something means we can control how well we cope with some of what may be coming.

You can read some great advice in this post; So you think you’re about to be in a pandemic?

It’s time to buy (or not)
From chaos comes opportunities; looking at the markets, this is now definitely the case. Are we at the bottom? I have no idea.
But After you bought enough rice and beans, you should spend some money on the markets if you are able to.

What Happens to Stocks After a Big Down Month?
Here’s the good news about huge monthly losses from the past; 56% of the time stocks were higher one year later. 72% of the time they were higher 3 years later. and they were higher 80% of the time 5 years later.

I’m in no position to give investment advice. What I can do is share my strategy.

I use Koyfin and StockTwits to follow the markets and follow some people on Twitter and subscribe to their newsletters. Based on that, I make my own decisions. Diversification is important and my focus is on the long-term.

The biggest part of my portfolio consists of ETFs, but in times like this, I definitely buy some company stocks. Besides that, I’m building my own ‘remote fund’. Here you find the inspiration behind this idea.

Let’s end with a great tip from @howardlindzon. 

If you set up great filters, the internet creates excellent opportunities.

Enjoy your week!