A Simple Investing Playbook for the ‘Great Cessation’

Investing, once a necessity, has become a luxury.

“In the 1930s we had the Great Depression, in 2008 we had the start of the Great Recession and now we are facing the Great Cessation,” says John Cammack, a private investor and former executive at T. Rowe Price Group Inc. in Baltimore. The global economic lockdown to combat the spread of coronavirus, he says, is “stopping the many small actions that make up Adam Smith’s marketplace dead in their tracks.”

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