Opening Statement from the November 2020 Intelligent Investor (part 1)

Opening Statement from the November 2020 Intelligent Investor (part 1)

Originally published on November 4, 2020

Overview

Over the past few weeks Europe has experienced an accelerated rate of new COVID-19 cases. In response officials have announced a reintroduction of lockdown measures which are likely to intensify in coming weeks as winter takes hold.

Germany has announced a four-week lockdown of bars, restaurants, and movie theaters. Meanwhile, France is under a more comprehensive lockdown partly due to recent violence. Italy is also seeing a worrisome resurgence in COVID-19 cases, but has thus far only imposed restrictions on bars and restaurants.

Many other EU member nations have reintroduced a variety of lockdown measures and restrictions that are likely to intensify in coming weeks.

The U.S. is also experiencing a resurgence of COVID-19 cases. This has led to reintroduction of limited lockdown measures in many states. Although COVID-19 resurgence is worse in Europe, it appears as if the U.S. will soon catch up to and perhaps surpass that seen in Europe...