SINGAPORE - Singapore and Japan have the most powerful passports in the world, according to the latest update of a global index.
Holders of passports from the two countries can travel without a prior visa to 192 destinations, it noted last week.
This is a change from April, when Japan outstripped Singapore in having the world's most powerful passport, with Japanese passport holders able to travel to 193 destinations without a prior visa, while Singaporean passport holders had such access to 192 destinations.
In the latest update, South Korea and Germany are tied for second place, with such access to 190 countries. The two countries had been tied for third place in April, with access to 191 destinations.
Finland, Italy, Luxembourg and Spain are in third place, with access to 189 nations; while Austria and Denmark are in fourth, with access to 188 countries.
The index, administered by Henley & Partners and updated throughout the year, ranks passport power according to how many destinations their holders can travel to without a prior visa.
The global citizenship and residence advisory firm noted that the gap in travel freedom is at its widest since the index was started in 2006, with Singaporean and Japanese passport holders able to visit 166 more destinations than Afghan citizens, who can travel to only 26 nations worldwide without acquiring a visa in advance.
Britain and the United States have been facing eroding passport strength since they held the top spot in 2014. Both remain tied in seventh place, but have a score of 185, down from 187 in the first quarter of the year.
Egypt is ranked 97th, with its citizens having access to 51 countries without a prior visa, while Kenya is 77th, with access to 72 destinations visa-free.
Meanwhile, Singapore will be allowing vaccinated travellers to travel to nine more countries and return without quarantine, the authorities announced last Saturday (Oct 9).
From Oct 19, vaccinated travellers from Singapore will be able to fly to Canada, Denmark, France, Italy, the Netherlands, Spain, Britain and the US.
The scheme will be extended to South Korea from Nov 15, it was announced last Friday.
These are in addition to Brunei and Germany, which Singapore had already approved for quarantine-free travel for those fully vaccinated.
In total, there will be 11 countries that Singapore approves for quarantine-free travel.
More on this topic
Based on data from the International Air Transport Association, the index showed that countries in the global north with high-ranking passports have enforced some of the most stringent inbound Covid-19 travel restrictions.
On the other hand, many countries with lower-ranking passports have relaxed their borders without seeing this openness reciprocated, it noted.
Henley & Partners chairman Christian Kaelin said: "It is pivotal that advanced nations consider revising their somewhat exclusive approach to the rest of the world, and reform and adapt to overcome the competition and not miss the opportunity to embrace the potential."
This paves the way for more economic activities to resume although
it may not be a full recovery, matching that of pre-covid times.
Analysts are positive on this as the high vaccinationrate is a leading indicator that economic activities should recover faster in Malaysia as compared to most countries in Asean.
Frequent outbreaks triggered by imported frozen products; reports suggesting traces of coronavirus found elsewhere earlier than Wuhan… so is COVID-19 outbreak in Wuhan also result of imported cold-chain products? Check GT special investigative report…
Italian newspaper Corriere Della Sera reported in November that a new coronavirus was circulating in Italy in September 2019, a study by the National Cancer Institute (INT) of the Italian city of Milan shows, indicating that the virus may have existed in Italy months before it was first detected in China.
The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6 percent of 959 blood samples from healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February.
Peter Forster, a geneticist from Cambridge, also told the Global Times that he is not surprised that there might be cases earlier than China.
Foster suggests it is useful to think of three stages in the origins of the coronavirus: when and where did it cross the species barrier from bats to humans and when and where did it start spreading successfully among humans. “My dating suggests sometime between September and December 2019,” said the virologist, proposing finally to look at when the globally dominant infectious coronavirus subtype arose.
“Everyone agrees it was prominent in Northern Italy in February 2020. Some scientists said it came to Italy from China, but I am not so sure,” he said.
Evidence of both epidemiology and virology are needed to find out where the virus comes from, said the Beijing-based anonymous expert. If the pandemic originated from a certain place, there should be signs of an early outbreak. It is also possible that the virus already existed, but not seriously enough to cause an outbreak, he said, noting that there is only a small probability of the latter scenario, and no solid evidence to support it.
From a virology perspective, a full gene sequence of cases from that place should be obtained for observation and for determining when the virus was transmitted to this place via time and the virus’ variation point, said the expert.
“If we have doubts that the virus was originated from places other than Wuhan, we can compare its sequencing with the virus that was found in Wuhan. [We should] compare their homology and variability, to see if the virus found in other places is in its early stage, or it is evolved,” he said.
There are reports from several countries that early blood samples tested positive for the virus, but they can provide no evidence of the nucleic sequence, so the possibility of a false negative cannot be ruled out, said the anonymous expert.
He believes that if antibodies can be found in the blood serum, then the virus can also be found there. Even if the virus is not infectious anymore, it is easily detected, as its nucleic acid is protected by the coat of the virus and it is very stable and sensitive.
The Huanan Seafood Wholesale Market in Wuhan, Central China's Hubei Province on November 22. Photo: Fan Lingzhi/GT
International cooperation urged
Although those virologists have pictured a clear route map to trace the origin of the virus, the real path to finding the origin is laden with difficulties.
The anonymous expert said that in terms of tracing the virus origin, the momentum for international scientists to cooperate has retrogressed compared with the pre-COVID-19 period.
“Scientists are reluctant to become involved in politics, they are eyeing international cooperation. Yet researchers from all over the world are acting with caution, avoiding troubles, and refusing casual communication. I don’t think it’s an ideal atmosphere for cooperation.”
This has drawn attention from international bodies. WHO Director-General Tedros Adhanom Ghebreyesus urged countries on November 30 not to politicize the hunt for the origins of the new coronavirus, saying that would only create barriers to learning the truth.
When talking to Tedros in September, director of China's National Health Commission Ma Xiaowei vowed to enhance cooperation with the WHO on virus prevention, origin tracing and vaccine development. China is pushing forward the work on the virus origin tracing, and is willing to strengthen cooperation and communication with the WHO, Ma said.
Chinese Foreign Ministry spokesperson Zhao Lijian said on November 24 that while tracing the origin domestically, China has been earnestly implementing WHA resolutions.
"We are the first to invite WHO experts in for origin-tracing cooperation." Zhao said, adding that "We hope all relevant countries will adopt a positive attitude and cooperate with WHO like China does, making contributions to global origin-tracing and anti-epidemic cooperation."
“International communication on the virus origin should be frequent and open for all. But some countries weighed in and complicated the issue,” said Yang, who noted that the world has achieved great progress in fighting COVID-19 in the past year, including treatment of the disease and vaccine R&D.
Tracing the virus origin should not be a battle against each other; instead, an information, data sharing mechanism is helpful to bring the virus under control, Yang said.
How the U.S. response to COVID-19 failed and caused thousands of deaths
https://youtu.be/_Geb5l6Ymhw
There have been over 1.6 million #coronavirus cases and nearly 100,000 deaths in the U.S. While many countries are gradually recovering, no turning point for the pandemic in America is on the sight. Lots of people are shocked at how America, the largest economy in the world, and a great country in the eyes of many, has got to this point. So to find out what led to this mess, let's back up a little and take a look at the timeline. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn... Download our APP on Google Play (Android): https://play.google.com/store/apps/de...
https://youtu.be/qttzjjMYueg
https://youtu.be/1sRxfbzI19k
The World Health Organization has praised China's response to the coronavirus outbreak and its efforts to stop it from spreading overseas.
GENEVA: The World Health Organisation (WHO) said it appreciates China’s openness to joint efforts by the international science community to identify the source of the virus, and that such a scientific mission should consist of “the right mix of scientific experts from a multinational perspective”.
“We’ve been in discussions day-to-day with our colleagues in China about putting together the necessary scientific inquiries into the origin of the virus, ” Dr Michael Ryan, executive director of WHO Health Emergencies Programme, said in a press conference on Monday.
“I think the authorities in China, governments around the world and ourselves are very keen to understand the animal origin of the virus itself. And I am very pleased to hear a very consistent message coming from China, which is one of openness to such an approach, ” he added.
However, he said a date has not been set yet for a scientific mission.
Technical lead of the WHO Health Emergencies Programme, Dr Maria Van Kerkhove, said the organisation has been in regular contact with experts in China.
“We welcome the opportunity to work with them and with the international community, to really understand the virus’ origins and the animal human interface, ” she said.
Meanwhile, Dr Ryan said he was “pleased” to see the publication of the first peer-reviewed journal publications of the vaccine studies from China.
“I think in terms of the number of scientific publications that have come from China over the last number of months is very good and the number of scientific collaborations between Chinese institutions and institutions all over the world is also a very positive sign, ” he said.
On Sunday, Foreign Minister Wang Yi said that China was open to joint efforts by the international science community to identify the source of the virus. — Xinhua
Joe Biden attacked US President Donald Trump as an “absolute fool” Tuesday for belittling his election rival over recently wearing a mask, an issue that has become a partisan flash point during the coronavirus pandemic.
The novel coronavirus continues to churn the world by crushing public health systems and decimating thousands of lives each passing day. As the world's two most resourceful economies, the US and China should join hands in working out better therapeutics and speed up vaccine testing and development.
Dr. Faheem Younus, the chief of Infectious Diseases at University of Maryland, Upper Chesapeake Health, debunked some of the myths about coronavirus. #coronavirus#COVID-19 # coronavirusspread
Now something practical and honest from the : Head of the Infectious Disease Clinic, University of Maryland,
1. We may have to live with C19 for months or years. Let's not deny it or panic. Let's not make our lives useless. Let's learn to live with this fact.
2. You can't destroy C19 viruses that have penetrated cell walls, drinking gallons of hot water - you'll just go to the bathroom more often.
3. Washing hands and maintaining a two-metre physical distance is the best method for your protection.
4. If you don't have a C19 patient at home, there's no need to disinfect the surfaces at your house.
5. Packaged cargo, gas pumps, shopping carts and ATMs do not cause infection.
Wash your hands, live your life as usual.
6. C19 is not a food infection. It is associated with drops of infection like the ‘flu. There is no demonstrated risk that C19 is transmitted by ordering food.
7. You can lose your sense of smell with a lot of allergies and viral infections. This is only a non-specific symptom of C19.
8. Once at home, you don't need to change your clothes urgently and go shower!
Purity is a virtue, paranoia is not!
9. The C19 virus doesn't hang in the air. This is a respiratory droplet infection that requires close contact.
10. The air is clean, you can walk through the gardens (just keeping your physical protection distance), through parks.
11. It is sufficient to use normal soap against C19, not antibacterial soap. This is a virus, not a bacteria.
12. You don't have to worry about your food orders. But you can heat it all up in the microwave, if you wish.
13. The chances of bringing C19 home with your shoes is like being struck by lightning twice in a day. I've been working against viruses for 20 years - drop infections don't spread like that!
14. You can't be protected from the virus by taking vinegar, sugarcane juice and ginger! These are for immunity not a cure.
15. Wearing a mask for long periods interferes with your breathing and oxygen levels. Wear it only in crowds.
16. Wearing gloves is also a bad idea; the virus can accumulate into the glove and be easily transmitted if you touch your face. Better just to wash your hands regularly.
17. Immunity is greatly weakened by always staying in a sterile environment. Even if you eat immunity boosting foods, please go out of your house regularly to any park/beach.
Immunity is increased by EXPOSURE TO PATHOGENS, not by sitting at home and consuming fried/spicy/sugary food and aerated drinks.
According to research, although Wuhan is the initial epicentre, it may not be the root of the outbreak.
No proof that COVID-19 originated in Wuhan: Peter Forster
https://youtu.be/AQQf2yoymu0
Peter Forster, a geneticist at the University of #Cambridge, has identified three distinct strains of COVID-19. Forster and his team traced the origins of the epidemic by analyzing 160 genomes from human patients and found that the strain in #Wuhan mutated from an earlier version. #Coronavirus
https://youtu.be/fB8M37gx5xM
https://youtu.be/Ozlc4yZ0-es
https://youtu.be/Q2-OZchVEfQ
Going out safely: People wearing face masks seen on the East Lake after the lockdown was lifted in Wuhan, the capital of Hubei province. — Reuters
CHINA bashing is continuing even as the world struggles to fight the killer Covid-19 virus. In fact, the blame game has intensified, fuelled by some western politicians and the media.
It’s not a good time for Asians, especially ethnic Chinese, to be in Western countries as there have been reported cases of racial abuse and even assault.
Without doubt, these, are isolated cases as the majority of people are reasonable but such incidents have made many Chinese people in these countries feel uneasy and unsafe.
Amid all these, a very important report went almost unnoticed last week. Perhaps most journalists were preoccupied with headline- grabbing news of Covid-19 deaths and lockdown violators.
The report, which has been widely discussed in the scientific community, was carried by some newspapers but CNN and BBC did not find it interesting enough or perhaps it did not fit into their narrative.
Well, for the first time, experts from Britain and Germany have mapped the evolutionary path of the coronavirus that causes Covid-19 and determined there are currently three versions of it spreading around the world.
In simple English, the viruses are mutating – changing their forms – and these scientists have put them in three forms, or variants, as they prefer to call them. But the bad news is that they are still mutating, and more variants could be added later.
The virus, according to these experts – “is constantly mutating to overcome immune system resistance in different populations.”
According to the findings, these researchers reconstructed the early evolutionary paths of the virus as it spread from the epicentre in Wuhan, China, out to Europe and North America.
By analysing the first 160 complete virus genomes to be sequenced from human patients, scientists found the variant closest to that discovered in bats was largely found in patients from the US and Australia – not Wuhan.
They used data from samples taken from across the world between Dec 24,2019 and March 4,2020. They found that the closest type of coronavirus to the one discovered in bats – type A, the original human virus genome – was present in Wuhan, but was not the city’s predominant virus type. The Chinese city was initially the epicentre of the outbreak.
The finding said type A was also found in Americans who had lived in Wuhan, and in other patients diagnosed in the United States and Australia.
However, the report did not elaborate who were the Americans who had lived in Wuhan and how they got infected.
The most common variant found in Wuhan was type B although this appeared not to have travelled much beyond East Asia before mutating, which the researchers said was probably due to some form of resistance to it outside that region.
Type C was the variant found most commonly in Europe based on cases in France, Italy, Sweden and England.
It has not been detected in any patients in mainland China, though it had been found in samples from Singapore, Hong Kong and South Korea, the study said.
Dr Peter Forster, geneticist and lead author from the University of Cambridge, said: “There are too many rapid mutations to neatly trace a Covid-19 family tree.”
But the researchers concluded that variant A was the root of the outbreak as it was most closely related to the virus found in bats and pangolins. Type B was derived from A, separated by two mutations, while type C was the “daughter” of variant B.
“The Wuhan B-type virus could be immunologically or environmentally adapted to a large section of the East Asian population, ” Forster said.
“It may need to mutate to overcome resistance outside East Asia. We seem to see a slower mutation rate in East Asia than elsewhere, in this initial phase.”
But one thing is for sure. It is not a good time to travel as the virus has been transmitted at an unbelievable speed.
For example, the study reported that one of the earliest introductions of the virus to Italy was found in a Mexican traveller, who was diagnosed on Feb 28, came via the first documented German infection – a person who worked for a company in Munich on Jan 27. The German contracted the infection from a Chinese colleague in Shanghai, who had recently been visited by her parents from Wuhan. The researchers documented 10 mutations in the viral journey from Wuhan to Mexico.
“Because we have reconstructed the ‘family tree’ (the evolutionary history) of the human virus, we can use this tree to trace infection routes from one human to the next, and thus have a statistical tool to suppress future infection when the virus tries to return, ” Forster said.
The research team has since extended its analysis to 1,001 viral genomes and while it has yet to undergo peer review, the report has indicated that the spread of the virus has increasingly adapted to different populations and therefore the pandemic needs to be taken seriously.
More importantly, this scientific report could help politicians and the media to understand better the cause of the virus, and end their conspiracy blame game.
WHO Coronavirus disease (COVID-19) -Get the latest information from the World Health Organization about coronavirus.
Donald Trump
again struggled to reassure a fearful nation on Thursday as it emerged the US now has the highest number of confirmed coronavirus cases in the world.
News that America had surpassed virus hotspots China and Italy with 82,404 cases of infection, according to a tracker run by Johns Hopkins University, broke as the president was holding a press conference at the White House.
His instinctive response was to question other countries’ statistics. “It’s a tribute to the amount of testing that we’re doing,” Trump told reporters. “We’re doing tremendous testing, and I’m sure you’re not able to tell what China is testing or not testing. I think that’s a little hard.”
Trump later spoke to the Chinese president, Xi Jinping, by telephone and had what he described on Twitter as a “very good conversation”. The two leaders discussed the coronavirus in “great detail”, adding that: “China has been through much & has developed a strong understanding of the Virus. We are working closely together. Much respect.
So many people can't die in vain, so many companies can't go bankrupt for nothing. The world needs to learn from each failure.
Mankind needs to see where we stand, what the risks are, and we must act.
Pompeo and other US elites must be responsible for damaging superpower cooperation if the pandemic worsens, while China
cannot join hands with the US due to the war of words. Politicians like Pompeo focus too much on their personal political interests. They will eventually be remembered as negative role models in the history of mankind's battle against COVID-19.
On March 16, the novel coronavirus vaccine developed by Chen and her team entered clinical trials. On March 20, 108 volunteers were injected with the COVID-19 vaccine developed by China.
Defeating the coronavirus is the common expectation of all mankind. All countries are called on to join hands in the fight.
It's hoped the US government could follow the trend when formulating its policies.
There is no substitute for concerted multilateral action. For this, we happen to have an instrument that seems made-to-order for
this extreme emergency. The G20 should once again come to the fore and do the needful.
WHO Coronavirus disease (COVID-19) -Get the latest information from the World Health Organization about coronavirus.
Donald Trump again struggled to reassure a fearful nation on Thursday as it emerged the US now has the highest number of confirmed coronavirus cases in the world.
News that America had surpassed virus hotspots China and Italy with 82,404 cases of infection, according to a tracker run by Johns Hopkins University, broke as the president was holding a press conference at the White House.
His instinctive response was to question other countries’ statistics. “It’s a tribute to the amount of testing that we’re doing,” Trump told reporters. “We’re doing tremendous testing, and I’m sure you’re not able to tell what China is testing or not testing. I think that’s a little hard.”
Trump later spoke to the Chinese president, Xi Jinping, by telephone and had what he described on Twitter as a “very good conversation”. The two leaders discussed the coronavirus in “great detail”, adding that: “China has been through much & has developed a strong understanding of the Virus. We are working closely together. Much respect.
So many people can't die in vain, so many companies can't go bankrupt for nothing. The world needs to learn from each failure. Mankind needs to see where we stand, what the risks are, and we must act.
Pompeo and other US elites must be responsible for damaging superpower cooperation if the pandemic worsens, while China cannot join hands with the US due to the war of words. Politicians like Pompeo focus too much on their personal political interests. They will eventually be remembered as negative role models in the history of mankind's battle against COVID-19.
On March 16, the novel coronavirus vaccine developed by Chen and her team entered clinical trials. On March 20, 108 volunteers were injected with the COVID-19 vaccine developed by China.
Defeating the coronavirus is the common expectation of all mankind. All countries are called on to join hands in the fight. It's hoped the US government could follow the trend when formulating its policies.
There is no substitute for concerted multilateral action. For this, we happen to have an instrument that seems made-to-order for this extreme emergency. The G20 should once again come to the fore and do the needful.
Tourists wearing protective masks walks by
the Duomo in central Milan on February 27,2020 amid fears over the
spread of the novel Coronavirus. - The number of COVID-19 infections in
Italy, the hardest hit country in Europe, hits the 400 mark late on
February 26, with 12 deaths. (Photo by Miguel MEDINA/ AFP)
But keep cool, negative volatility will likely be followed by positive volatility
The coronavirus (Covid-19) outbreak has officially reached Western shores.
Since last week, the virus has spread to Europe, Brazil and the Middle East.
New cases have emerged across Europe.
There have been more than 81,000 people infected with nearly 3,000 deaths so far.
Just the previous Wednesday on Feb 19, stocks in the US were complacently at record highs, never mind that Asian markets were roiling and taking huge hits, thanks to the coronavirus that first took roots in Wuhan, China.
Asia has been battling this disease since January. Markets have been volatile but have since recovered as the number of infections have reduced and governments have been diligent at handling the disease.
It is like the domino effect, with the same reactions, panic and emotions that happened throughout Asia now migrating to the West.
It is almost deja-vu, seeing the fear and market reaction, no doubt the impact to the Dow and S&P 500 has a significantly larger impact.
The Covid-19’s largest impact is the fear it has transmitted with rapid speed.
In the US, stocks fell for a sixth straight day on Thursday, with the S&P 500 price index falling 4.4% and bringing this pullback officially into correction territory. On a six-day basis, the Dow Jones was down 13.4% at 25,766.64.
This plummet followed California governor Gavin Newsom’s revealing on Thursday that the state was monitoring 8,400 people for potential Covid-19 infections.
Adding to the bleak outlook, Goldman Sachs slashed its profit outlook and warned the outbreak could cost Donald Trump his reelection in November.
The MSCI all-country global index has dropped more than 7% over this six-day period. Considering stocks were at record highs the previous Wednesday, this is very harsh and painful.
Why, Tesla was all the hype earlier in February. It was US$901 on Feb 21, and new higher target prices were being touted by analysts, nevermind that the stock still didn’t have a price to earnings ratio.
In the last five days, Tesla’s share price had tumbled more than US$200 or 32.7% as of Thursday to close at US$679.
Don’t panic
For the average investor, panic has likely set in.
Whose confidence level would not be shaken with a 12% decline in the S&P 500 in six trading days?
Now talk of a 20% decline is starting to emerge.
Meanwhile the 10-year US treasury yield dropped below 1.3%, remaining in record-low territory.
The downward spiral in oil also continued with WTI crude toppling 2.71% to trade at US$47.41 per barrel on Thursday.
Brent oil hovered at the US$51.42 level.
So just barely two months into 2020, it is Covid-19 which has been responsible for crushing markets and dismantling profits across the globe.
Many have already slashed market forecasts for the year.
In the past two market stories featured on StarBizweek, readers would know that Fisher MarketMinder thinks that fears over the virus’ market impact are overdone. It thinks that this is part of a longer-running pattern prevalent throughout this bull market.
“The stock market will do what it does – rise and fall.
“If you’ve got a plan based on your risk tolerance and investment horizon, don’t let fear make you swerve in the wrong direction and lose traction.
“Panic is never a good investment strategy, ” says Fisher MarketMinder.
It adds that Covid-19 is grabbing attention because it is new and somewhat novel, but that doesn’t mean its economic effects far outweigh more familiar diseases.
The Center for Disease Control and Prevention estimates that there were 34,200 deaths in the United States from influenza during the 2018-2019 flu season.
For infections of Covid-19 outside of China, the mortality appears very low.
Furthermore, the people who are dying tend to be the old and immuno-suppressed or otherwise sick.
“Supply chain disruptions as officials work to contain the outbreak probably dent growth temporarily, but markets are efficient and likely pricing in these expectations as companies issue statements.
“Short-term volatility could linger, but patience should pay off, in our view, ” it adds.
As legendary investor Ben Graham once said, stocks are a voting machine in the short term and a weighing machine in the long term.
“Sentiment wins in the short term, but fundamentals matter most over more meaningful stretches.
“The ‘why’ and ‘how much’ behind sentiment swings strike us far less important.
“The emotional swing itself is what matters.
“Market fundamentals likely didn’t change on a dime seven days ago, ” says Fisher MarketMinder.
Thursday’s drop simply put US stocks back at mid-October levels.
Furthermore, the world hasn’t fundamentally changed.
While there is no way to know when this drop will end or how much further it will fall, no drop is permanent.
“Whether the rebound starts in days or weeks, whether it is fast or slow, if you have held on thus far, we think you ought to reap the good that comes with the bad.
“Corrections hurt your long-term returns only if you don’t participate in the rebounds that follow them.
“Selling may feel good at a time like this. But when you remove emotion from the equation, all it does is transform a market decline into an actual portfolio loss, ” says Fisher MarketMinder.
Another investor who is cheering is one of the smartest investors in the world, Warren Buffett, chairman and CEO of Berkshire Hathaway.
He says the stock market rout we’re witnessing today is “good for us.”
“We’re a net buyer of stocks over time, ” he says on CNBC.
“Most people are savers, they should want the market to go down.
“They should want to buy at a lower price.”
Buffett’s comments came as Dow futures were down by about 800 points or 3% on Monday as stocks around the world plunged as the Covid-19 outbreak escalated.
Regarding the coronavirus specifically, Buffett made clear that he is “not a specialist.” And he warns that “a very significant percentage of our businesses one way are affected.”
However, he reiterates that investors should be more focused on the long term, not the short term.
“If you’re buying a business, and that’s what stocks are... you’re gonna own it for 10 or 20 years, ” he says.
“The real question is has the 10-year or 20-year outlook for American businesses changed in the last 24 hours or 48 hours?” the legendary investor asks.