Five Lessons From History Fit The VIrus Crisis Like A Glove

Here are the best parts of Housel's insight, found at "Frontline Thoughts" by Mauldin.

Lesson #1: People suffering from sudden, unexpected hardship are likely to adopt views they previously thought unthinkable.
Lesson #2: Reversion to the mean occurs because people persuasive enough to make something grow don’t have the kind of personalities that allow them to stop before pushing too far.
Lesson #3: Unsustainable things can last longer than you anticipate.
Lesson #4: Progress happens too slowly for people to notice; setbacks happen too fast for people to ignore.
Lesson #5: Wounds heal, scars last.

It's a good read.  Continue here.
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Critical comment:  Lesson #2 is phrased poorly in my view.   The people and policies needed to sustain something are different from the ones needed to grow something.