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Choice quote for students of risk: “I’ve always been a survivor, in life and in business. This coronavirus epidemic is not going to put me or my companies down
by lordnacho 7y ago
Choice quote for students of risk:
“I’ve always been a survivor, in life and in business. This coronavirus epidemic is not going to put me or my companies down,” says one Airbnb influencer on YouTube.
To be fair, it was pretty hard to fathom what might knock out the entire tourism industry of a whole city, let alone the world. I mean it's been written about by various people, but who really considers pandemic risk while doing the rental arbitrage?
And likewise with risk in general, we tend to think of things that can specifically happen to an investment, eg the tenants wreck your place, or the mortgage rate changes. We tend not to think so much about this sort of thing, even though infectious disease is a thing everyone has heard of.
- papito 7y agoTail risk - it's fresh...
- deleted 7y ago[deleted]