Year-to-date 2020 we have seen dramatic collapse of financial markets globally as economies have struggled with the "one-two punch" of the COVID-19 pandemic and the OPEC-Russia oil wars.

1) To what extent could investors be protected from these events impacting the performance of their securities portfolios? is there any protection when events are global in nature?

2) How do you anticipate these events will impact the cost of capital used by firms to evaluate their capital budgeting projects?

3) How long do you believe it will take for financial markets to recover their losses? what actions will be needed if we are to realize a faster recovery?