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?
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
Do you have a link to the non-paywalled article?
https://archive.ph/vxkts
Firefox extension to bypass paywalls