The money is actually going to defense contractors, an obscene percentage of which goes to like one guy who probably hunts poor people for fun on the weekends.
With respect, it’s also about who receives the money.
RTX makes the Tomahawk.
In 2016, the stock was at 59. Now it’s at almost 200. A return of 338%. That’s about the same rate of return as the S&P 500 in the same timeframe. The difference being, the worst performing stocks in the S&P are regularly swapped out.
So, yeah, these guys are pretty much a sure bet to make money.
Well, it’s full of toxic fuels.
The money is actually going to defense contractors, an obscene percentage of which goes to like one guy who probably hunts poor people for fun on the weekends.
It’s not about who receives the money, it’s about where that money would have went if it wasn’t put in the missile.
With respect, it’s also about who receives the money.
RTX makes the Tomahawk.
In 2016, the stock was at 59. Now it’s at almost 200. A return of 338%. That’s about the same rate of return as the S&P 500 in the same timeframe. The difference being, the worst performing stocks in the S&P are regularly swapped out.
So, yeah, these guys are pretty much a sure bet to make money.
When you’re a billionaire, pretty much everyone else is a poor people… and, as an added bonus, you get to use Tomahawk missiles to hunt them.