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→Horadric Caches and Cross-Class Farming
Since two classes share each mainstat it's not hard to find armor or jewelry for your class' match; for instance Demon Hunters will find armor and jewelry with +dexterity, which can be easily shared to a Monk. This applies as well to handing down gear; find a boots upgrade for your Wizard and give your old boots to your less-well-geared Witch Doctor. (Specific skill bonuses are the only real stumbling block to this sort of gear exchange, but those can sometimes be [[enchanted]].)
On the other hand, it's quite difficult to find gear across class lines when the mainstat differs. A Barbarian will find items to share to a Crusader, but can play all day and not find items all that useful for a Wizard, Monk, Demon Hunter, or Witch Doctor. Players have tried to can overcome this by gaming the system in multiplayer games by partying with another different class and sharing all their legendary drops. e.g., Player 1's Barb gives all her drops to Player 2's Monk, and vice versa, thus enabling each player to find gear for a class they're not playing.
One exception to smart loot appears to be items comes from a the [[Horadric Cache]]. While the contents of a cache are set according to the difficulty level a player found it on (change made in [[Patch 2.0.5]], the items in the cache do not appear to set their Smart Drop roll until the cache is opened.[http://diablo.incgamers.com/blog/comments/blizzard-explains-horadric-cache-legendary-drop-rules] Thus a player can farm up caches with their powerful character, store them in their stash, and open the caches with another character who will get items with the smart loot geared to them. Note that the level of the items is set by the character who earns the stash, so if a level 70 earned the stash and a lvl 40 opens it, all the gear will be lvl 70.
Bear in mind that around 15% of all drops are not Smart Loot targeted, which is why Wizards will occasionally find/gamble/craft/cache Monk Fists, Barbarian mighty belts, etc, or items where the +skills or mainstat are not not suited to the character that finds them.
==Official Smart Loot Statements==