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1. Learnings from Family
Managed Business
AIFMB

2. World After Covid 19 -Dr Parimal Merchant
An alumnus asked my opinion on the current situation. It took me two days of reflections to give the following reply.
Sharing with you
My view is that the current situation will deteriorate up to some point and then take a U-turn to rise to unprecedented new heights in the
coming decade.
1. The threat of Corona virus is indeed serious. Humanity had witnessed the worst of a virus attack in 1918 when a large proportion of the
population was affected with a very high mortality rate.
2. But at that time the threat ended abruptly. In Philadelphia, for example, 4,597 people died in the week ending 16 October, but by 11
November, the virus had almost disappeared from the city.
This means that we all need to be concerned about the virus and take adequate precautions but no need to think in terms of dooms day.
3. In the process one of the major damages will be the world-wide economic disturbance. There will be heavy losses all across, as the whole
economy is interconnected.
4. But the same situation happened in 1929 with great depression and once again in 2001 with 9/11 attack. While these two events can be
seen as symptomatic, actually, particularly the second one, was the culmination of a downcycle that preceded for quite many years.
At this juncture, too the world is going through a downcycle for few years. And there are some lessons to be learnt from history.
5. In 2001, If the economy was booming, then perhaps the 9/11 attack would have had different impact. But as the economy was distressed,
9/11 attack became a ‘nimitt’ (instrumental) for the climax. Similarly, just now if the economy was booming, the Corona would have made
different impact. Same as 9/11, presently Corona is the ‘nimitt’ for the climax.