The 2020 Crash, page-11

could do. or SMEs could switch to cheaper options.

OR there isn’t a synchronized permanent worldwide recession due to a condition with a case fatality rate of 1%.

there is no perspective in this market. This is some hard decisions being made for the greater good, to allow hospital systems to adjust to a new condition, that we ALREADY know won’t come close to wiping us out. This is nowhere near as bad as HIV, measles and myriad other conditions we have been battling for millenia. This too will pass.

I have taken the opportunity to add quite a bit to this holding. I have taken extremely conservative assumptions and even then this is priced crazily.

in the long run, if anything this will accelerate the move away from cash which will help payments companies and I suspect the recently announced referral program will accelerate move to smartcharge over other solutions.
if I am wrong- well am expensive lesson learnt!