News From the Control Tower - 4/1/2020
This week's reads feature:
1. How the World’s Richest Country Ran Out of a 75-Cent Face Mask
A very American story about capitalism consuming our national preparedness and resiliency
2. I Became a Disciplined Investor Over 40 Years. The Virus Broke Me in 40 Days.
A piece by, James Stewart, a highly regarded financial reporter for the New York Times and who appears regularly on CNBC, tells his personal story of investing through the current market turmoil. He tells how he lost his disciplined approach to investing in the emotional turmoil of the coronavirus. His problem? He was doing it all himself. A less emotional financial advisor would have been helpful in implementing a strategy that suited his objectives.
3. Tom Colicchio Spent 19 Years Building a Restaurant Empire. Coronavirus Gutted It in a Month.
Tom Colicchio, award-winning restaurateur, Top Chef head judge, and food activist, tells the story of what it’s like to lay off nearly 300 employees—and how he wants us to rethink unchecked capitalism.
As coronavirus sweeps the globe, there is not a single Trilogy Evo Universal ventilator — developed with government funds — in the U.S. stockpile.
5. 10 Sources of Emergency Cash, Ranked from Best to Worst
The CARES Act makes it easier to gain access to retirement accounts in a pinch, but they're not likely to be your best source of emergency cash.