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Stock is a bet on the company until the end of time, and 30 years from now, nobody will remember the Great Pandemic of 2020. Even if we imagine a worst case wo
by jrockway 7y ago
Stock is a bet on the company until the end of time, and 30 years from now, nobody will remember the Great Pandemic of 2020. Even if we imagine a worst case worse than the predictions, things will probably be fine for the economy. If 10% of the human race dies tomorrow, that just means everyone else needs to do 10% more work; a 40 hour workweek becomes a 44 hour workweek.
(Obviously if sucks if you or your loved ones die. But the economy doesn't care.)
- volkk 7y agothis doesn't make any sense. by that logic, why do recessions simply not exist since in 30+ years we'll probably have overcome whatever current problem we're facing now