Investors should heed the viral wisdom of a football manager

And it’s a crisis that will ultimately be solved by scientists, doctors and public health officials, not politicians or central bankers. Let alone fund managers or football coaches.

None of this is to downplay the seriousness of the coronavirus, of course. In fact, quite the opposite. The Australian government has activated its pandemic response and this week. As the head of the World Health Organisation put it overnight: "This is not a drill." The point is, in uncertain times like these, and in an age of growing misinformation online, it is important to listen to the right people with the right credentials. Doing otherwise can lead to bad outcomes, such as peopleIt could be tempting at this point for someone like me to argue that the best thing for most ordinary investors to do right now is sit tight.

jmcduling I have never really liked Liverpool but they have had some great (and wise/funny) managers. Klopp is one of the best of them.

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ASX opens lower as investors head to gold | Sky News AustraliaSharemarkets have opened substantially lower this morning after having their best day in two months on Thursday, as investors flock to gold.\n\nAustralian stocks are down 1.5 per cent, erasing all of the gains made on Thursday in just the first half hour of trading.\n\nThe biggest losses are coming from the banks as investors flock to safe haven asset gold, which people buy in terms of crisis.\n\nOvernight on Wall Street, four per cent of value was wiped off the markets due to the number of coronavirus cases, which rose to 164 people in the US. \n\nImage: AP Profits taken, the rich now turn to gold to secure their greed
Source: SkyNewsAust - 🏆 7. / 78 Read more »