Forced buyers and sellers!

Believe me, there’s nothing better than buying from someone who has to sell regardless of price during a crash. Many of the best buys  we’ve ever made occurred for that reason. A couple of observations are in order, however:
•  You  can’t make a career out of buying from forced sellers and selling to forced buyers; they’re not around all the time, just on rare occasions at the extremes of crises and bubbles.
•  Since buying from a forced seller is the best thing in our world,  being a forced seller is the worst. That means it’s essential to arrange your affairs so you’ll be able to hold on and not sell at the worst of times. This
requires both long-term capital and strong psychological resources.

Forced buyers and sellers!