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A Day is a long time, let alone a Week - how can one be a rational investor in the face of madness?

By Nigel Somerville | Sunday 20 December 2020


 


It was Harold Wilson who said that a week is a long time in politics. It seems now that a day is an eternity. One moment Christmas is all on, the next day it is all off. Yesterday, London and much of the surrounding area were again plunged into crisis: it was placed in Tier 4 of a three tier system  to control Covid-19 – effectively it is in Lockdown 3, only days after Lockdown 2 came to an end. Lockdown 2 must have been a great success then?! I have complained before that it is impossible to run a business under such circumstances – see Tom Winnifrith’s Bearcast yesterday – and consequently, as an investor, investing is made impossible.

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