That guy was outed as a Walter Mitty. You can check for yourself: he's not and has never been registered with the FSA. He fooled the BBC because he said what they wanted to hear, this was a big blow to their fact-checking credibility.
I don´t think that catching falling knives is a good way to make business, but now that the market is so low, some companies are taking undeserved punishment, just due to the panic. Go and ask Warren Buffet how he made his money.
Please read again what I wrote as it has nothing to do with what that guy said . Somebody commented if there are opportunities here in Spain due to the crisis, and I still think there are, if you know what you are looking for.
http://www.bbc.co.uk/news/business-15059135