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    Home»Kuo’s Smart Take»Smart Thought Of The Week: Trust
    Kuo’s Smart Take

    Smart Thought Of The Week: Trust

    David KuoBy David KuoJanuary 24, 2020Updated:October 7, 20234 Mins Read
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    Smart Thought Of The Week
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    There is so much that is wrong with the outbreak of the potentially-lethal Wuhan virus that it is hard to even know where to start.

    Sure, the Chinese government has put its positive-spin-machine into overdrive now. But that was only after Chinese President Xi Jinping sanctioned an “all-out effort” to contain the spread of virus.

    China has also put eight cities into lockdown, imposed travel restrictions and cancelled mass Chinese New Year celebrations, as the 2019-nCoV coronavirus claimed its 25th victim and infected – as far as we know or, at least, have been told – more than 800 people.

    State of denial

    It has all been too little, too late. Heaven only knows how many people have been unwittingly infected and are carrying the disease both within and without China.

    Worryingly for the world, the first case of the Wuhan virus was detected on 8 December. That is 47 days ago. But it took more than a month before screening measures were even put in place….

    …. Even then, China continued to peddle the line that the virus could not spread between humans… until it did. It added that the outbreak was under control…. until it wasn’t….

    …. The police, reportedly, even arrested eight people for spreading rumours that the virus was related to SARS. If it looks like SARS, and infects like SARS, why even take the risk.

    Mindless sycophants

    We can only guess what was going through the minds of those “health” officials. Were they ordered to keep their mouths shut or were they just too afraid to tell “the emperor” the truth?

    The Wuhan virus outbreak is symptom of everything that is wrong when too much power rests in the hands of just a few.

    But it does highlight the need for us to be extra vigilant of any “news” from the Middle Kingdom, be it economic data, corporate accounts or health declarations. If it can’t be verified, then it can’t be trusted.

    The coronavirus will probably run its course, in much the same way that any virus will run its course. So, don’t panic. But be vigilant and practice good personal hygiene.

    The world will survive the Wuhan virus, but I am not too sure about the reputation of current Chinese regime.

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    The Smart Investor is not licensed or otherwise regulated by the Monetary Authority of Singapore, and in particular, is not licensed or regulated to carry on business in providing any financial advisory service. 

    Accordingly, any information provided on this site is meant purely for informational and investor educational purposes and should not be relied upon as financial advice. No information is presented with the intention to induce any reader to buy, sell, or hold a particular investment product or class of investment products. Rather, the information is presented for the purpose and intentions of educating readers on matters relating to financial literacy and investor education. Accordingly, any statement of opinion on this site is wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader. The Smart Investor does not recommend any particular course of action in relation to any investment product or class of investment products. Readers are encouraged to exercise their own judgment and have regard to their own personal needs and circumstances before making any investment decision, and not rely on any statement of opinion that may be found on this site. 

    Disclosure: David Kuo does not own shares in any of the companies mentioned.

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