Very much so. I look at little old Saints, and how we spent when we sold for relatively good money (when all combined). We didn't go out and spunk it all away on a few players. We kept to our model of the £10-12m player, that was our level. We got Pelle, Tadic, Mané, Wanyama, Long (!!) etc etc While Everton are richer than us, are they really in the £30-45m player bracket? Seems that they tried to run before they could walk, and maybe they should have scouted better and gone for the hungry £20m-£25m players (and not from the Eredivese!).
But one question I have is, WTF happens to some of the ex-Saints players when they leave us? Some continue to progress - Mané, Wanyama and maybe Lallana. But WTF has happened to Schneiderlin, Shaw, Lovren, Chambers, etc??
As it is, while I can well understand the angst of the Toffee supporter, I am afraid that I have zero sympathy. The Billy Big Balls acts when they hooked up with Mushy, stole Koeman and had the Lukaku money to spend left me with the feeling that they definitely lacked class. Still, they were the first club to have dugouts.