so i read the damned thing and the main point just seems to be that historically major investors are quite bad at predicting what investments will be most profitable at the outset of a major war
i like this line, though
The easiest way to understand this is to imagine yourself in 1914, knowing that the first world war was about to arrive. … Would you have guessed that Russian bonds, which would experience a communist revolution and Bolshevik-driven default, were the ones to dump completely?
Do you have a link to the non-paywalled article?
Should China decide it is time to take advantage of a distracted superpower and invade Taiwan, America could all too easily end up being drawn into three wars at once.
There must be a quota on how often they have to go on about this theory
It’s almost as if they’re egging them on in a less than subtle way
or whatever
