“Buy When There’s Blood” Isn’t That Simple

The idea sounds powerful—fear creates opportunity. But history tells a different story.
In World War I, capital didn’t rush into cheap assets. Markets shut down, and money moved to safety—gold, cash, and stable regions. The real profits came from those tied to war production, not dip buyers.
By World War II, it was even clearer. In true crises, financial markets lose relevance. People trade essentials—food, fuel, survival goods—not stocks.
The consistent winners weren’t traders. They were those closest to resources and supply chains.
Takeaway:
“Buy the dip” works in normal fear cycles.
In real crises, the rules change—not just the prices.