The pandemic is certainly the biggest economic event which has occurred for many years. 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. 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.