What is it?
'Buy when there is blood in the streets,' advised Baron Philippe de Rothschild. He was alluding to the fact that economies and markets recover, even from the worst recessions. Firms can be turned round too. That is the good news. The tougher part is taking the necessary measures that will make recovery possible. These have to do with cutting costs and getting real about future revenue streams, but also taking calculated risks on levels of future demand. This is a good time to start getting those turnaround strategies in place.
Where did it come from?