Confessions of a Coronavirus vulture
The luckiest man in the world is a financier friend of mine who decided two weeks ago to wind up his hedge fund and retire (aged 50, the sod!). When he sold, the markets were about the highest they’ve ever been. By the following Monday, as the Coronavirus scare started to take hold, they’d tumbled 10 per cent; this week – thanks to the worst stock market collapse since the 2008 crash – those shares he offloaded at their peak are now worth peanuts.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in