At a time of crisis, with P&C valuations near cyclical lows, there is a tendency to assume it’s an easy and safe trade to be long, so long as your timeline is long enough.
Investing in a time of Covid: Asymmetric downside abounds
At a time of crisis, with P&C valuations near cyclical lows, there is a tendency to assume it’s an easy and safe trade to be long, so long as your timeline is long enough.