In the News

“Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.” Warren Buffett wrote these prescient words in The New York Times op-ed in 2008 during the Great Recession. Now, in the bellows of the COVID-19 recession, these words ring true again to Asher Rogovy, chief investment officer at Magnifina. “The pandemic is certainly the biggest economic event which has occurred for many years [and] there was a violent market reaction in March and April, but many analysts predict that by this time next year, it will no longer be affecting the stock market,” Rogovy said. “This is Buffett’s wisdom: to invest with a very very long-term horizon. He is the master at putting aside emotions and focusing strictly on the numbers. According to our research, only 30% of bear markets since 1950 have lasted more than three and a half years. The most recent one didn’t even last three quarters.”
November 2, 2020
“Novavax uses a tried-and-true method to produce immunity,” said Asher Rogovy, who is the Chief Investment Officer at Magnifina. “The news media and social media are almost certain to hype up reports of side effects during the first round of vaccination. Vaccine hesitancy is growing, and in 2018 almost half of US citizens refused a flu vaccine. Waiting a few more months for Novavax’s vaccine candidate would appeal to vaccine hesitant individuals who are not fully anti-vax.”
October 22, 2020