My third lesson.
Let me explain.
Prior to this time, we knew there were things that trended in the economy. Several jobs trended and perhaps people went for them.
Everyone is talking about it. Everyone is doing it. Everyone is investing in it.
The oil market received a big blow. And that affected the transport industry globally including the hospitality industry.
I can imagine a person trying to fit into any of these industries with hope that it will be hot and suddenly, covid-19 hits.
Losses upon losses upon losses.
So instead of going with what’s in vogue, think first. Understand what’s happening and then take a decision and go by it.
I think I’ve heard Warren Buffet talk about investment and he mentioned something like he doesn’t invest in what he doesn’t understand.
Let insight lead you not trends.