The 2020 COVID-19 outbreak caused massive human suffering, job loss, disruption and financial market panic.

From the Feb. 19, 2020, high to the stock market bottom of the COVID panic in March 2020, the S&P 500 declined about 34%.

World Health Organization Director General Tedros Ghebreyesus is sounding the alarm, warning that “the world is not prepared for a pandemic.”

His argument that it’s a “matter of when, not if” a new pandemic will strike sounds similar to billionaire Bill Gates’s recent public concerns that “we’re making the same mistakes again” by failing to adequately prepare.

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Iron Will

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