When companies like Apple are able to pay their employees during their temporary shutdown even for a whole year, but not all companies have their bank balance and most won’t be able to do the same. Literally more people will lose your job in Nigeria and the world at large during this period and even before the end of April.
Be fearful when others are greedy, and greedy when others are fearful
I didn’t come up with that saying, it’s actually a line from Warren Buffett.
You will see people cutting back because the economy is predicted to get hit by 2.7 trillion dollars and experts are saying that we are going to go into a recession.
You even have billionaire investors like Carl Ichan saying that the market has more room to go down and we should expect the sell-off has longer to go.
Again and again, this period just simply means less competition for you, depending on the industry.
If you are lucky enough to be sitting on acres of diamond during this recession this is the best time to buy out other companies. The ideal ones to buy are media companies.
The more eyeballs you control, the more power you will hold in the future. Plus, by controlling eyeballs, it gives you the ability to sell anything you want in the future.
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