Covid, it turned out, wasn’t a re-run of the global financial crisis. No banks went to the wall, taking jobs and personal fortunes with them.
Share prices didn’t tank and spend years wheezing back to normality. There was a sharp intake of breath in early March when markets went into a tailspin, but they bounced back fast. The Nasdaq Composite enjoyed something of a Covid-related boom as investors snapped up shares in Big Tech.
The world, it turned out, went into lockdown, but not to rack and ruin.
HNWs
This strangest of years also gave high-net-worth individuals (HNWs) a rare chance to re-examine the nature of their personal and corporate wealth.
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