“After my second book, Crisis Investing, came out in 1979, I started publishing a newsletter. I used the Chinese symbol for crisis as the logo.  It is actually a combination of two symbols: the symbol for danger and the symbol for opportunity. The danger is what everybody sees; the opportunity is never quite so obvious as the danger, but it’s always there.  Speculating in crisis markets is the ultimate way to be a contrarian, which means buying when nobody else wants to buy.  It is true, as a general rule, that you want to ‘make the trend your friend.’ But there always comes an inflection point when trends change because a market becomes either greatly overvalued or greatly undervalued.”

https://www.internationalman.com/global-perspectives/1041-doug-casey-in-cyprus-crisis-investing-in-action

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