Is that not the philosophy of most of the participants on this forum board to identify quality companies at fair prices ...... I say we have fun and make some long term money by studying companies, finding those worthy of our investment when they meet our Margin of Safety threshold aspects and loading up when Mr. Market has a bad day or group of days.

A) That's the Charlie/Warren mantra and the mantra shared here.
B) Plus, to focus on individual companies and not on the market or macro.

But this time it might be different and B questionable. At least I can't ignore that the macro developments shattered trust in a whole huge jurisdiction which is now seen as unstable and unpredictable.

So that this time it might be unwise for one who adheres to A and identifies a quality company at a fair price, say Google, to adhere to B and to ignore those macro changes with the simple reasoning "I don't care whether the markets are closed the next 5 years. I think longterm". E.g. what if after 5 years the markets open and you find that jurisdiction disallows you as a foreigner to move your money out of it?

I see it similar to the Alibaba discussions here some years ago. Most here adhering to these two principles identified Alibaba as fulfilling A, but buying? The same ones yelled "China!" and were absolutely unwilling to also adhere to principle B and to buy it. Was that a mistake? I don't think so. It was the correct decision at that time, no matter how much the price of Alibaba might rise tomorrow.

Sometimes it IS different.