A review of how the pandemic, financial markets, and government policy evolved in 2020 to make for an unforgettable year.

Topics covered include:

• Why the Covid-19 pandemic ranks as the second worst in modern history
• What is the difference between risk and uncertainty and how our investing should be different when dealing with uncertainty
• What portfolio changes did David make in 2020 and how should he have invested if he had perfect foresight
• Why speculative assets such as gold and cryptocurrencies have performed so well in 2020
• Why high savings rate and pent up demand provides a tailwind for the economy
• How to invest and live when the future is unknowable

Thanks to Policygenius and LinkedIn for sponsoring the episode.

Show Notes

286: Coronavirus and the Financial Impact of Pandemics

291: How To Survive the Coronavirus (COVID-19) Shutdown

Madame Vivelda—Saturday Night Live

What Is Risk vs Uncertainty?—Money For the Rest of Us Guide

299: Has the Pandemic Changed You?

Personal Saving Rate—Federal Reserve Bank of St. Louis

302: Investing is Not Knowing

310: Why the Stock Market and Economy Are Rebounding So Quickly

How 700 Epidemiologists Are Living Now, and What They Think Is Next by Margot Sanger-Katz, Claire Cain Miller, and Quoctrung Bui—The New York Times

Paul McCartney Is Still Trying to Figure Out Love by David Marchese—New York Times Magazine

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