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Haircut season is here
A lot of stuff has got inverted by covid-19. Harsh Goenka, chairman of the RPG Group, put it best in a tweet earlier this week. “A bull market is when you get share market tips from your barber," he tweeted, “A bear market is when you get a haircut from your fund manager." Unless you’ve been living under a rock… oh, wait, let’s modify that: Even if you’ve been living under a lockdown, it’s clear which kind of market we’re in. Except a few in possession of luck and genius in some mystery combo, most of us should expect this crisis to snip our investments.