Preface
Strategic Advice and Recommendations Amidst and Post the Coronavirus Pandemic—Challenges and Opportunities for Cash Flow Investors Overseas
As this book goes to press, more than 90% of the U.S. population and more than 20% of the entire global population are under instructions to stay at home and shelter in place. Millions of workers are filing for first-time unemployment, and trillions of dollars have been erased from stock portfolios. We humans are living through the greatest health crisis since the Spanish flu of 1918 and could face the biggest market meltdown since the Great Depression. The personal and financial challenges we're navigating are existential, the pain and hardship they're creating overwhelming.
What do they mean in the context of these pages?
We believe the COVID-19 crisis is also going to lead to one of the greatest buyer's markets the world has ever seen. Overleveraged owners, bankrupt businesses, desperate sellers, and rock-bottom currency values will translate to the fire-sale of a generation if not the century. The eighteenth-century British nobleman and banker Baron Rothschild said it so we don't have to. You should buy when there's blood in the streets, and that's the view today.
With the help of contacts in key markets worldwide, we're taking stock of pre-crisis trends, property listings, government interventions, currency values, and COVID-19 casualties. We want to be prepared to act as soon as it makes sense to do so, and we recommend you ...
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