When other's are fearful ,we need to be greedy

A classic Warren Buffet investment strategy, is applicable to IT too. The current spending cut will give rise to two sets of people , one who will take the risk averse path of cutting down on what they can do due to reduced budgetary allocations, the other group will see this as an opportunity to grab new opportunities which others will be fearful of taking up. The second group of people will be leaders of future and they will do that by delivering SAME-FOR-LESS by optimizing the various aspects of the PLCM .

Downturn provides once in a decade opportunity to break away. Lets grab it with both hands :)