Investment veterans aren’t strangers to volatility – they’ve been through expansions, recessions, the 2008–’09 financial crisis, and a now lengthy ongoing period of “lower for longer” yields on fixed income securities. However, no curveball caught investors quite as unexpectedly as the one-two combo of this year’s pandemic and economic crisis. Most investors will agree that the impact wasn’t as bad as it might have been, but there are unquestionably lessons to be learned and applied as investors look to 2021 and beyond. This report explores key takeaways from the pandemic, and how they can be put to good use.