“I started to see some things in the data which scared the living daylights out of me to be quite frank.” Hedge fund chief Ricky Sandler explains why he’s pushing for a herd immunity approach to the coronavirus crisis.
Ricky Sandler, founder and CEO of Eminence Capital, recently told friends in a letter obtained by CNBC that he believes there should be a widespread attempt at protecting the vulnerable while large portions of the population develop herd immunity.
Sandler, who suffered losses on his stock market positions nearly two months ago, writes: "With proper coordination, I can envision Artists hosting virus relief concerts where young and healthy people go and hopefully get the virus and then the antibodies which allow them to donate blood to be used as a treatment or a prophylactic."
He went on to say that this proposal, which he calls "Plan B," also would include "citizens that are comfortable go back to life as we know it with no restrictions. Individuals protect themselves and their families if they are worried. Businesses and institutions protect their employees including the vulnerable the best way possible."
Sandler, who has no medical experience, notes that he supports the proposal of herd immunity over the "Plan A" of long-term social distancing. "In my mind, the choice is obvious and clearly Plan B for so many reasons, not the least of which is that it is the path least likely to lead to civil unrest," he says in the letter.titled "I Choose Herd Immunity."
There have been more than 1.5 million coronavirus cases in the United States and at least 91,000 deaths, according to a Johns Hopkins University tally.
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