Home » Articles » Stock Analysis » Never Let a Good Crisis Go to Waste

Never Let a Good Crisis Go to Waste

March 25, 2020

AUTHOR:

I discussed with Andrew Horowitz this recession and why it's a good crisis, and not like any other previous one we've experienced.

I recently spoke with Andrew Horowitz at “The Disciplined Investor” podcast. He graciously allowed me to share my part of the interview with you here.

We discussed this recession and why it’s not like any other previous one we’ve experienced. We also talked about why, from an investment perspective, it’s one of the best things that could’ve happened to our clients’ portfolios here at IMA, what our game plan is going forward, and how we’re “microdosing” our stock purchases to deal with the uncertainty of this time. We also chat about the assumptions we’re making about the future, what stocks we’re looking at right now, and what companies might not survive this crisis.

Have a listen below:

Original Interview here.

Please read the following important disclosure here.

New to investing?

Explore these valuable guides to get started.

Value Investing
Student
Curriculum

The 6
Commandments
of Value
Investing

Letter to
a Young
Investor

November 5, 2026

The World’s Best-Prepared Patient

Nobody in this equation is flawless: not doctors, not us, and not even AI. It hallucinates, making up stories like a Hollywood screenwriter. But it also has perfect recall and lacks the myopic vision of human beings. … That’s the model. Not AI instead of your doctor.

October 13, 2026

The AI Hangover Is Coming. The Pandemic Already Showed Us How It Ends.

We don’t have to go decades back to find an analogy. Just look back a few years, to the pandemic. We all lived through it, most of us in sweatpants. And it offers a near-perfect preview of what is about to happen in AI.

Client Letter

September 17, 2026

Your Sophist Filter: On CEOs, Cynics, and the Voice in Your Head

A great speaker can bend logic with emotions and exert undue influence on your decision making. The better someone speaks, the more discriminating your Sophist filter needs to be.

September 3, 2026

Depressing Reasons Why I Am Bullish On Gold (part 2)

Here is what changed my mind. Not something about gold, but many things about the dollar. The US dollar is the world's reserve currency. It has had a well-deserved place since WWII, and that rested on three things: the largest, steadiest, most diverse economy; a politically stable democracy; the best military.

Client Letter