The article presents a tactical investment strategy rooted in a surprisingly stable observation: certain stocks demonstrate resilience during market panics. Hulbert’s selection of 11 stocks isn’t based on any inherent quality of those companies – they simply performed well during specific historical crises, a strategy of “flight to safety” already well-established in finance. The crucial factor is liquidity; a market starved of buyers and sellers, where prices fluctuate wildly, tends to favor st...