I feel like a fool. Why? Because I didn’t buy Raytheon, Lockheed Martin, or any other politically connected weapons manufacturer’s stock when the market opened on Monday! Proving the 34th Ferengi Rule of Acquisition true, war is good for business:
The Paris attacks took place on Friday night. Since then, France’s president has vowed “war” on ISIS and today significantly escalated the country’s bombing campaign in Syria (France has been bombing ISIS in Iraq since last January, and began bombing them in Syria in September).
Already this morning, as Aaron Cantú noticed, the stocks of the leading weapons manufacturers – what is usually referred to as the “defense industry” – have soared:
I should have sought a job at one of these companies. They’re profitable so long as there’s war and there’s always war!