Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking cartel - who should certainly know what he’s talking about - is quoted as saying:
“Buy when there’s blood in the streets, even if the blood is your own.”
You’ve probably noticed the streets are pretty red these days. Most companies have made significant cuts in their workforce and are very reluctant to hire back until the economy either hits bottom, or signals a change in direction. Meanwhile, the best time for them to upgrade their key personnel is not when prices start heading back up, but now when labor is cheaper. In fact, since most of us haven’t lived long enough to see a worse market, the corollary here would suggest there may be no better time to buy than now!
Another notable business champion who knows what he’s talking about with regard to building successful companies was overhead saying:
“Only a handful of companies understand that all successful business operations come down to three basic principles: People > Product > Profit! Without top people, you cannot do much with the other two.” - - Malcolm Forbes
So if people make profits, why not get the best people at any price? But on the rare occasions when you can, why not get them when they are most affordable?