On the road today as well…
Markets are rattling with Russian bombing of military sites in Ukraine. The Moscow stock market halted trading and major Russian companies are -40%.
M&A and new equity issuance is grinding to a halt – and accordingly some associated companies are selling off more dramatically than others.
Steve Schwartzman, founder of Blackstone, preaches that his coping mechanism for mayhem is to wait for a bottom and buy after the market turns (in his case transact for private companies).
My current view is nibble slowly. Keep calm and carry on.