What if ANOTHER PANDEMIC occurs again shortly?

how do we prepare for another scenario where markets get crushed and livelihoods/business get destroyed yet again. what if another virus outbreak occurs as we recover from this one 2-4 years from now? how are companies and people going to prepare for this now that we’ve dealt with COVID? any takeaways? will management and owners be more cautious and risk averse? will we see a shift forever in the way corporations are run after what’s going on now? thoughts?

 

(1) I think people will begin to "live" more. Literally everything that people love (e.g. bars, restaurants, weddings, casinos, sports, concerts, honeymoons, vacations, travel, public parks) across the entire country got shut down within a few weeks. People will probably be more inclined to savor every moment of having fun while it lasts.

(2) Hopefully people will be humbled. Right now, Wal-Mart shelf stockers are more valuable to people's lives than professional athletes, musicians, movie stars, etc.

(3) I think people will buy more at grocery stores. Even when this corona nonsense is done with, people will probably not want to be at grocery stores surrounded by the panic-buying retards out there, so they'll probably stock up and maybe go once a month, just to be safe.

 

Good thing travel is drastically reduced, hence the chances for it to spread. Hopefully we don't have to rely on China to tell us this time.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.
 
Most Helpful

The truth is that if another one hits, or we see the 2nd wave of COVID-19, we will start back a square one. Humanity has proven time and time again that we don't often learn from lessons of the past. There may be better medicine and testing methods a few years from now to deal with a pandemic, but we will be fucked as another user said. I doubt people will "savour" life more after COVID-19. Perhaps they will for a few months, but then we will return to our normal life and go back to taking many things from granted. Responses will be slow, healthcare systems will not be beefed up for another "potential" pandemic (which will likely occur 2-3 more times in our lifetime). The economy will collapse again and after the pandemic is over it will rebound leaving behind plenty of casualties. It'll be the same thing over and over.

I know this sounds very bleak, but it is based on continuous historical patterns. The main thing we can hope for is that whatever comes next will be weak. I read in another thread a user saying "if this is a dress rehearsal for when an Ebola-strength pandemic hits, we got an F" and this hit the nail on the head. As humans we have a tendency for forget very easily and quickly. Unless we can implement a global cultural shift to the current way of life and dealing with things, the outcome doesn't look great. When pandemics hit in the next 20 years, we will also have climate change to deal with, so we will be all sorts of fucked.

 

Modi aut ratione perspiciatis beatae hic dolor pariatur. Sint asperiores nam dolorem dignissimos minima delectus sed. Voluptatibus quos dolorem dolorem est quis excepturi. Qui voluptatum repellat quia fugit explicabo eligendi quisquam.

Dolores id facere porro sint cumque aut dolores. Quia aut ea nemo expedita voluptatem dolor. Quidem ullam dolores et cupiditate molestiae et. Deserunt repudiandae dolores adipisci omnis dignissimos. Quas et dolorem aut facilis veniam.

Ut cupiditate perspiciatis odio placeat veritatis omnis. Autem nam et aliquid omnis ex sit. Voluptatem repellat et libero placeat cupiditate atque quia. Velit voluptas corporis aut id quam optio.

Voluptatum vitae sit at illo. Harum ea maxime unde omnis recusandae. Vero ducimus dolores quo reiciendis amet doloribus.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”