Churchill

  • Truth and Panic

    In May of 1940, the German Army nearly won the war in Europe.  After invading the low countries, their forces swung left and engaged a joint British and French army.  As German forces swept across Belgium, Belgian resistance collapsed and its king, Leopold, capitulated.  British and French forces were driven onto a sliver of beach in the small port city of Dunkirk.  On those sands, the remnants of the British ... Read More
  • We Will Never Surrender

    On Monday afternoon, the stock market responded to news that an experimental vaccine had successfully produced an antibody response in the first six individuals to receive it as part of a phase 1 clinical trial.  One day later, the market dropped precipitously in its closing moments on news that it was too early for this particular vaccine candidate to be declared successful.  It was a whip-saw reaction that feels particularly … Read More