I hadn’t heard the “predictable and avoidable” framework for the govt monopoly on violence before. Thanks for that, it very much rings true.
I was inspired to Suno up a song about it, using the lyrics from (the first part of) the post!
Predictable and Avoidable (ft. EY & P. J. O’Rourke): https://suno.com/song/0119d109-3985-4cb4-a197-c4acbd5c74b3
For what it’s worth, I just moved ~30% of my portfolio into a 50⁄50 mix of the CHAT and SMH etfs. Rest of the portfolio is mostly SPY.