The Inversion Investor

The Inversion Investor

The Donor’s Calculus: Why Portfolio Managers and Big Money Endure War Pullbacks (and Why the Market Still Finds Green Days at the Pivots)

Peter Pham's avatar
Peter Pham
Apr 06, 2026
∙ Paid

  1. Initial War Enthusiasm & The Dip Buy: Many PMs and influential investors strongly backed the war from day one, aggressively buying the initial market dip in anticipation of a swift, revolutionary resolution expecting a clean victory, rapid rebuild, and classic “buy the rumor” profits.

  2. The Painful Reality & Shift to Value: As unintended consequences mount…

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