The Crash of 2020 — A ‘Crash’ Course in History

Whatever you do, don’t get suckered in by the media

Trevor Blake
7 min readJan 27, 2021
Photo courtesy of @Rido81/Elements.Envato.com

If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy. — Warren Buffett

“Will there be a depression and will it be like 1929?”

I get a lot of questions like this… probably because some of the media are putting the idea into people’s minds.

And there are plenty of trading gurus around promoting doomsday scenarios that predict the end of the financial markets as we know them (or the debasing of currencies or the rise of cryptos).

I’ve seen and heard it all before.

Despite the doom and gloom, however, I seem to have survived it all without actually doing or changing anything in my life.

So here I am, ready for my 9th such event in my short life…

If it happens.

Since 1850, there have been close to 50 recessions, some deep enough to earn the dubious title ‘depression.’ (Media love their titles don’t they? Fear is what they sell and the more dramatic the label the better.)

My opinion on this is — and keep in mind it’s my opinion and not any kind of advice — is that, if it happens, I think it’s much more…

--

--

Trevor Blake

Perpetual student of life. Author of NY Times Bestseller, Three Simple Steps. Author of new book, Secrets to a Successful Startup — https://www.trevorgblake.com