You're spot on
@mal85.
One thing I've observed about economic/market/military/geopolitical crises is that they invariably end up being mechanisms whereby a transfer of wealth occurs from one class of investor (usually a less smart one) to a different class of investor (a more savvy, more patient one).
It is one of the ironic realities that economic hardship hits the poor sooner and harder than it impacts the rich.
Not just that, but more often than not the rich emerge from it even richer while the poor end up being even more financially disadvantaged.
Already, there are some fine quality companies, which for lone periods of time have been too expensive to buy, but which are now becoming available at far more attractive prices because they are being sold because their owners are in a state of duress/desperation/panic.
It is a reality, which is sad for some.
But is a manifestation of equity market Darwinism.
