My dad, Dale Sutherland, was born during the American Great Depression. In fact, my grand-mother said about my dad’s birth, “When I went to the bank to get the money for the hospital, the bank was closed.” I still remember that particular sentence from my grandmother, who spoke it directly to me. I remember because I had little one-on-one time with her since I had to share her with a few dozen grandkids all wanting another molasses cookie. It seemed to me Grandma was “A-Okay” with the bank closing—like that was the least of the trouble at that time. I did not find out until later that I was right.

After this last year’s dismal returns on nearly all asset classes, jobs lost and business failures, going forward the investing world will be affected. Every investor needs to realize some basics. First, life goes on. Economic activity is always happening.