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.
The Donor’s Calculus: Why Portfolio Managers…
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.