The lesson learned by the other members of the Axis of Evil was that the U.S. intended to remove their leaders and the only guarantee to prevent such an outcome was to have nuclear weapons. As a result, both North Korea and Iran moved to build nuclear programs.2 North Korea has tested
2 To be fair, both programs predated President Bush. However, Bush did establish U.S. policy for regime change in both countries and thus made nuclear development essential for regime survival.
The ACAP Strategic Fund's managers see a "significant scarcity of attractive asset allocation choices globally," but also a strong environment for fundamental stock picking. Q2 2021 hedge fund letters, conferences and more According to a copy of the fund's second-quarter investor update, which ValueWalk has been able to review, its managers currently hold a balanced Read More