Content Library

Eric with Howard Lindzon on Panic with Friends – March 2020

Eric, CIO of Standpoint, joins Howard Lindzon to discuss the world amidst the start of quarantine in 2020 and the Coronavirus stock market crash. They catch up on memories of working together 20 years ago and how they’ve seen the asset management world evolve.

Key Takeways

  • It’s not surprising that equities declined by 30% and it’s not surprising that a pandemic occurred, the real problem is that investors knew that those outcomes are possible, yet most investors are unprepared for events like we’ve experienced in 2020.

  • Solid communication, consistent advice, and authenticity are vital to trust, and trust is essential in the asset management business.

  • The pain and panic of 2008 and 2020 have been manageable because of bonds offsetting the decline in equities. In decades of the past, stocks and bonds have gone down together and most people are unprepared for that and usually unaware it’s even possible.

  • Listen to the entire episode.

If I didn’t believe in it, I wouldn’t do it; and I can’t believe in it if I can’t understand why it works.

- Eric Crittenden, Standpoint

What we’ve been through has been painful. But it’s a broken finger relative to a broken femur if you go back to the 1970s.

- Eric Crittenden, Standpoint

Standpoint Updates

Sign up for monthly updates

Scroll back to top

Important Disclosures

Standpoint Asset Management, LLC (Standpoint) is an investment advisor registered with the US Securities and Exchange Commission (SEC). For more information regarding the firm, please see its Form ADV on file with the SEC. Registration with the SEC does not imply a particular level of skill or training.

Investing in securities involves risk of loss that investors should be prepared to bear. Past performance is not indicative of future results. Diversification does not guarantee a profit or protect against a loss.

The views expressed herein represent the opinions of Standpoint and are not intended to predict or depict performance of any particular investment. All data provided by Standpoint including any reference to specific sectors is provided for informational purposes and should not be construed as investment advice. It does not constitute an offer, solicitation, or recommendation to purchase any security. These views presented are subject to change.

Standpoint does not endorse and is not responsible or liable for any content, advertising, products, services, or information on or available from third-party websites or materials. Standpoint may use content on this website that has been supplied by companies that are not affiliated with Standpoint (third-party data). Any third-party data contained on Standpoint’s website has been obtained from sources believed to be reliable, but the accuracy or completeness of the information cannot be guaranteed.

Standpoint is committed to make this website accessible to all audiences, including people with visual, hearing, mobility, and other disabilities. Reasonable efforts will be made to accommodate all users who utilize standard compliant web browsers, as well as enabling software or assistive technology.

If you are having any problems accessing the information found on this website, please contact us for assistance. Please note the nature of your accessibility problem, the format in which you prefer to receive the material, the web page address of the requested material, and the best way to contact you.

Standpoint Asset Management, LLC (Standpoint) does not endorse and is not responsible or liable for any content, advertising, products, services, or information on or available from third-party websites or materials. Standpoint may use content on this website that has been supplied by companies that are not affiliated with Standpoint (third-party data). Any third-party data contained on Standpoint’s website has been obtained from sources believed to be reliable, but the accuracy or completeness of the information cannot be guaranteed.

Please contact us via email at info@standpointfunds.com or by calling (602) 688-2918.