I would disagree. I'm a big fan of distressed investing and am one of those crazy people that actually likes investing in deep cyclicals. I've been reading a lot of books on distressed assets, etc. (links to some of my favorites below). Being a "grave dancer" as Sam Zell calls it doesn't cause problems for the industry. I would be buying secondhand (i.e. used) vessels anyway (and thus would not impact the supply of the industry).
Issues come about in an industry (like what happened in 2014 when people start to extrapolate a small move in the BDI to a far bigger move) and start to build new supply. I would be merely buying existing assets on the cheap, similar to what I did in housing in 2011.
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