looks like things are slowing down over there. So China's really getting a handle on it.

In these times of national, not national, global crisis, it's good to take stock of the more sober-minded among us. So leadership sort of bubbles up where you don't expect it. You see this in a whole bunch of different ways. People are just sort of stepping up and taking a position on the Wuhan virus. Taking a position meaning they're saying, what could I uniquely do that would help? What's the thing that I can do that's my skill set? And you see me doing it as best I can.

I was just noticing on Twitter that famous, I'd never know what to call him because he's so many things, but among others, Naval Ravikant is a famous investor and adviser of startups and things like that. Now you probably wouldn't call himself that, but within his talent stack there's this tremendous range of investment, business understanding. And so he tweets, I think it was last night, he said current market panic feels overblown. Now when somebody like Naval says that, it means more. So if the smartest, most experienced people are saying the market looks overblown, they're saying it for a reason. They're saying it for a reason because the economy is a psychology machine. And the people who understand that and have important positions in the world where they can say, look, I'm experienced, listen to me on this topic, that's what Naval's saying. He's saying the current market panic feels overblown. This is a short-term shock. Asian countries show social distancing assisted by seasonality and endure on flu. That's my work. Worst headlines will worsen as mass testing begins. So in other words, it's going to look worse just because we're discovering more of it as we get better at testing. He says take it seriously for yourself, wear masks for others, don't panic trade. He says I don't. So don't do panic trading.

So you know that Naval, I'm not a big fan of him but you know, there's nothing to fear but fear itself, which every president said. That Roosevelt. And this is one of those cases where that's purely true. The only thing that would destroy the financial markets is bad thinking. So if we just d