Way back in the 1700s, Baron Rothschild said this:
The time to buy is when there’s blood in the streets.
He went on to make a fortune by buying during the panic that followed the Battle of Waterloo against Napoleon, and solidified his family’s place as one of the core families of the elites, all the way to this very day.
Jim Rogers, when asked about where in the world he’s most excited about investing, always answers, “Myanmar.” News commentators are always confused about this. Why invest in Myanmar? Myanmar, formerly Burma, is a backwards, third world, military dictatorship where people regularly get slaughtered. Go watch the 2008 Rambo movie for some examples of what was recently going on there.