It’s déjà vu all over again. With the outbreak of the coronavirus and the ensuing economic slowdown and violent market reaction, many have grown fearful of investing.
The last time it felt this way was during the Great Recession. I remember the day in August 2008 when I shared with my colleagues a classic speech from former Capital Group Chairman Jim Fullerton. This speech, delivered in November 1974 amid a prolonged bear market, provided us with much-needed historical perspective and a dose of optimism when it was in short supply.
