News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

No, we shouldn’t close the markets — we should control ourselves

Each of us can give in to fear and spread panic, or we can take control of the one thing we can control — ourselves

Stocks have tumbled on coronavirus fears - does that mean we should simply close the market to stop the rout?
Stocks have tumbled on coronavirus fears - does that mean we should simply close the market to stop the rout? Photo: Getty Images

Albert Einstein got so much right, so far ahead of his time, it is easy to forget he was ever wrong. But one time he may have missed the boat is useful for us today as we try to navigate Covid-19’s unprecedented social and economic disruption.

Quantum physics has a concept called entanglement. In simple terms, it means that if a tiny object like a particle is observed, even a long way away (light years), that particle will change its properties. It reacts to the watcher. Einstein dismissed this idea as “spooky action at a distance”, but over time science has proved him wrong.

WSJ Logo