Buy When There is Blood in the Streets
12 Mar 2019 · 1 min
1:21
In this short monologue, Chris Haroun explains the investment maxim “buy when there’s blood in the streets,” citing Warren Buffett’s view that the New York Stock Exchange is the only store where consumers sell when prices are low. Haroun argues that market panic creates buying opportunities, especially during deep, generational lows like March 2009. He differentiates between “broken stocks” (temporarily mispriced) and “broken companies” (fundamentally flawed), emphasizing the importance of unemotional, long‑term investing. He also uses a Buffett steak‑price analogy to illustrate buying more when the price drops, reinforcing the core message that panic‑driven sell‑offs are the optimal entry points for disciplined investors.
