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Originally posted by Random Rooster
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Similarly I hate Swasticars and am somewhat satisfied seeing a combo of other EVs gaining popularity and investor sentiment swinging away from them . Does a 15% dip in one day mean they're scr3wed though? Absolutely not. They're here to stay and investors will ride them much further down before they start buying again.
THAT SAID... this doesn't mean that economic chaos is a good thing. A return to inflation is gonna cost me on a daily basis whether I like it or not. Also self-funded retirees whose money is in managed funds (e.g. my mum) might not have another 10-20 years to wait it out until things get better.
The maxim relies on people having lotsa cash in the bank to opportunistically throw at good deals when everybody else is forced to sell under duress. In practice, people are generally selling at a loss because they need to liquify their investments so that they can pay the bills. It's a nice theory that if they were smarter they wouldn't have to do this (and sure - some people are just dumb so sell everything at a loss as soon as there's a whiff of panic, thus crystalising their losses instead of being able to make their $$$ back once an event like COVID or Trump's presidency is over). But in most cases, people selling at a loss suggests that there's financial duress. This is when the vultures are able to feed on the less fortunate.
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