Charlie Munger: “The Phone Is Not Ringing Off the Hook”
If the economy were a single business, it would now be a restart, with aspects of a startup, in the post-pandemic world. This is a new form, with new behaviors and results that can be unpredictable. It is different from a recovery, which is a continuation but with an improved trajectory.
The following commentary is an atmospheric review of conditions in this context: Market notes from up above.
We must see to it (or at least try) that our position and its value to the market network are secure. Any startup entrepreneur knows this.