Might be true, but building a multibillion dollar investment strategy that falls apart during a market downturn is a very financial crisisy thing to do. Its eas

Might be true, but building a multibillion dollar investment strategy that falls apart during a market downturn is a very financial crisisy thing to do. Its easy to make money during a bull market, just toss money into an index fund. Uber and WeWork were both banking on increased travel and office presence. Seems like a dumb thing to do now that COVID has plowed everyone into remote work. It might have been a dumb thing to do even before. Crises tend to accelerate underlying societal changes. Remote work and online ordering were already at an all time high. The virus has pushed this increasing demand ahead a decade or more. Now I can even see my doctor from home, something unthinkable a few months ago. Travel is increasingly reserved for leisure. Uber might be okay but WeWork is on the wrong side of this. WeWork was a societal stepping-stone to remote work. We've blown past that checkpoint far sooner than expected