”Buy when there is blood in the streets.”……..John D. Rockefeller
It has been said that Rockefeller was the richest man in American history. In fact, many considered him America’s first billionaire at a time when the average household income was only $438 per year.
He invested into assets when everyone else told him to sell. As the markets worsened, he invested large sums of money to acquire and control assets at significantly discounted prices. Eventually, the markets improved as they always do, and his wealth escalated tremendously.
The lesson to be learned is to do the opposite of what everyone else is doing. Buy when others are selling and sell when others are buying.
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