I'd almost agree, but too many investors got burned not because they lost their money from the 1929 crash, but because they didn't take advantage of buying stocks and real estate at what amounted to fire sale prices in the early 1930's. That's how one Joseph P. Kennedy made his gigantic fortune, buying stocks and Manhattan real estate at highly depressed values and selling them for immense profit by the late 1930's.
Yes, but make sure you are buying near the bottom, not just saving some other guy from losing it all.
in 1999 I saw gold under $300/oz. At the time that was 12% below the cost to mine it. I was broke, having just paid cash for a house, else I would have been all in, what with the bubble in stocks at the time.
Sometimes you just can’t afford to pick money up off the ground.