Nick
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Podcast Appearances
Yeah, some might have called this buying the war dip, BWD.
But on Tuesday, reality settled in, that this is not going to be a weekend-long war.
So stocks opened down by 2% on Tuesday morning.
In part because President Trump said he will do whatever it takes to win in Iran, adding that wars can be fought forever.
That's a direct quote.
Plus, you got mixed messages on the goal of this war from different parts of the administration.
So investors are thinking...
We may have to settle in for this one.
But another reason that this war might last longer than expected is what Nick and I are calling Iran's weapons of mass extension.
Weapons of mass extension.
Besties, we're talking about Iran's $20,000 drones that require $4 million of missiles for us to shoot down.
It's weaponized financial asymmetry.
Yes, it is.
And these are not the drones we were talking about at the Winter Olympics.
Yetis, you've probably seen videos of Iran's retaliation.
You've actually heard these drones in those videos.
Exactly.
What you've heard is the loud, buzzing, triangle-shaped kamikaze drones flying through the air even over Dubai.
It's called the Shahed-136, and they are one-way drones designed to crash into things for maximum damage.
The price of these puppies, well, they're going to cost you just $20,000 to make.