(May 22): Legendary investor Warren Buffett famously quipped that you only find out who is swimming naked when the tide goes out. Now, in the midst of the global coronavirus shutdown, the tide has gone out. Firms ranging from small family businesses to mega public companies are watching sales and profits plummet. The unprecedented collapse in both supply and demand has exposed a multi-decade trend that favoured shareholders and short-term term profits at the expense of long-term business resiliency.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW