That is how Raoul Pal, the former hedge-fund manager who founded Real Vision, reacted when he first heard of the uncontrolled and rapid contagion of COVID-19 across the globe. Speaking from his home in the Cayman Islands on the latest "Lindzanity" podcast, the ex-Goldman, ex-GLG Partners trader said:

"The moment the spread hit Iran... and then Italy... that all happened over the span of three or four days... I was like: 'time to panic before everybody else'..."

"It's human behavior function. If the Chinese closed every single border and every city, everybody's going to do it."