The massive struggle with Covid-19 continues with a disturbing growth in cases, deaths, and a lagging economy. A rise in income inequality has led to three in four households globally suffering declining income, with 82% of poor households affected. But there is a bright light — a robust stock market. After a slight decline at the pandemic’s onset, stock prices made a speedy recovery, yielding a combined 28% increase of $850 billion for U.S. billionaires, whose total wealth now approaches nearly $3.8 trillion — more than 60% of the wealth of the entire global population. …


The economic impact of coronavirus continues to surprise. In the spring, previously unimaginable shutdowns pushed economic activity to unimaginable lows.

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After the initial shock, however, perhaps the biggest surprise has been how fears of systemic meltdown remain unfulfilled — the initial bounce back was far stronger and sooner than expected, and some sectors of the U.S. and other economies have seen complete recoveries to pre-crisis levels of activity.

While the stronger-than-expected recovery aligns with the business experience of many leaders we speak with, they still wonder what drove the gap between expectations and reality — and whether it can last. To answer these questions, we need to look at various recession types and their drivers, how Covid-19 fits in, and what this cycle’s idiosyncrasies are.

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Read the entire Harvard Business Review here:


“gave away almost all of his money to one person!” Needs reflection.

Michael Steinhardt with his take of Buffet 2011.

פותחים, בהתאם להנחיות משרד הבריאות

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כל הפרטים על הפתיחה


מר מייקל שטיינהרדט הוא מנכ”ל מייסד משותף של פרויקט תגלית ישראל ותכנית המנהיגות של תגלית (Birthright Excel) והוא ממשיך להעניק תמיכה גדולה לתכניות אלו גם כיום.

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עוד על הצוות / מועצת המנהלים והמועצה המקצועית המנחה

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About

מייקל שטיינהרט

מייקל שטיינהרט הוא מנהל קרנות גידור יהודי-אמריקאי, משקיע, מוציא לאור בעיתון ופילנתרופ. Michael Steinhardt שטיינהרדט ידוע גם בשם

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