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Tuesday, 10 March 2020

"It’s only when the tide goes out that you learn who’s been swimming naked."

Said Warren Buffet, quoted in "It’s a ‘Swimming Naked’ Moment: The Financial System Has a Real Test/The coronavirus spread and its economic effects are stressing the U.S. system for the first time since the 2008 financial crisis" by James B. Stewart (in the NYT).