Beer & Co. Report, page-142

Here are some of my thoughts (for what they’re worth):

• Corona is overblown
• The shenanigans in the energy market are a geopolitical play between the Russians & the US
• Corona was like a combination that dazed the markets and the energy shenanigans are the hook that followed
• People are scared and seeking cash at almost any cost – they’re definitely not in buy mode
• The baby is being thrown out with the bath water
• Exhibit 1: KAR – almost $500m cash in bank, no debt; market cap ˜$232m

Concluding thoughts: this won’t pass quickly, but the cream always rises to the top. If you have conviction in what you own and don't need the money, now is definitely not the time to sell. As to when is the time to wade in, I think Warren Buffet summed it best when he stated, "Simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”