Friday, March 29, 2024 UTC

Recognized by industry leaders for extensive coverage on African Asset Management

Opinion

Reboot the Economy

Deven Govender, CEO, LionPride Investments & Agility Fund
June 14, 2020, 2:49 p.m.
811

Word count: 1140

Every 75 to 100 years, an event occurs that will forever define how generations to come live.  This is our Black Swan event.  According to Ray Dalio (legendary hedge fund investor) we are entering a global depression, not unlike what the world experienced in 1929 (hopefully cushioned by the various monetary and fiscal initiatives by the various governments).  Many would say this is self-inflicted, i.e. this was not a systemic failure of capitalism but a choice of lives over livelihoods.  How we react will largely define how well we emerge from this.  Nothing will be the same again, hence we cannot go on with business as usual.

Choose ONE Magazine and TWO Articles for FREE when you register an account
Share:
Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration