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The problem we have now is that there is no history for what we're engaged in [COVID-19]. First of all, we have, I would say, the worst public health crisis to come to America in over 100 years—or certainly one of the worst; the worst economy since the Great Depression—more than 80 years old; the worst collapse of oil in history; and the greatest rescue & stimulus program from the Fed and the Treasury in
history.
Howard Marks
Given COVID-19 Unknowns, We're Unusually Ignorant About the Future
#431: Howard Marks on the US Dollar, Three Ways to Add Defense, and Good Questions
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