How did these famous investors deal with market meltdowns?

Here is the article.

“The time to buy is when there’s blood in the streets” – Baron Rothschild

Baron Rothschild, a member of the Rothschild banking family, is credited with this quote, which has become a credo for contrarian investors. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo.

The idea behind this is that markets are subject to herding behaviour. As such, there will periodically be times when markets are over or undervalued. Contrarian investors try to do the opposite of the crowd, diving in when there is a price drop and holding fire when the market is at its peak.

Holding fire - I  have to learn how to hold the fire as a long term investor.