That's like the Kennedy-shoe-shine-boy thing. Kid on the street starts asking Papa Kennedy about some hot stocks he heard of and Kennedy realizes everything is wayyy too overheated and pulls out. Market implodes a little while later, and Joe is able to buy up whatever he wants.
Very similar alright. I felt so conflicted listening to him because I knew nothing I would say would change his mind so I just kept quiet. He was a pensioner trying to save to leave something for his progeny. Kind of heart breaking.