, Columnist
How the Pandemic Changed the Terms of Investment
Long- and short-term expectations aren’t what they used to be, from corporate decisions to the fidgets in equities. And you’ll need to rethink sovereign wealth funds.
Covid has changed the long and short of it. Above: Testing at Los Angeles International Airport.
Photographer: Allison Zaucha/BloombergThis article is for subscribers only.
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It’s always tempting in this job to try to construct a narrative to explain a series of disconnected events. In the last few days, trying to impose a pattern on short-term market movements has moved from difficult to impossible, so I’ll attempt to focus on the long term.
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How the Pandemic Changed the Terms of Investment