Sometimes, Guggenheim's Scott Minerd is unequivocally correct. Like that time, on February 27, 2020, when he told Bloomberg's Joe Weisenthal on live television that "this has the potential to [turn] into something extremely serious." By "this" he meant COVID-19. As some readers are likely aware, COVID-19 did indeed turn into something "extremely serious." That day, Minerd said the virus was "possibly the worst thing I've ever seen in my career." It sounded hyperbolic. And I suggested as much.