10-10-2016, 09:57 AM
(10-09-2016, 10:46 AM)Kerim Wrote: I think it is very hard to buy things in anticipation of profiting off of a future crisis. Far easier to make sure that you've got the cash on hand to buy great companies that become cheap when the crisis does hit.
Agreed. In the '08 recession (can't remember exactly which month), GE was $6 and AXP was under $10. Saving cash for those opportunities 1x per decade or so can really turbocharge your investing life.