The biggest incident I experience last week shows the multi-stage nature of the COVID-19 virus outbreak.First the markets reacted when people started falling sick in Asia. Now markets are reacting when everyone around the world started falling sick. I think the next wave is when the economic fallout starts to hit the main street in Singapore. This can take place even when the outbreak is under control.Last week, a friend was let go and I spent the day panicking about his future. I visited a head-hunter's home for a social event hoping that I find a way out for my friend only to find the headhunter out of a job himself.A week's deeper reflection confirmed that I was deeply wrong about who needs help.My friend is intimately familiar with my investing methods. I pointedly asked him how long h