You might be familiar with the World Economic Forum’s annual meeting in Davos, Switzerland, where leaders from around the world meet to discuss the most pressing issues facing our collective societies. The WEF produces a Global Risks Report summarizing the results, based not only on the discussions at the meeting, but also on feedback from hundreds of economists and other specialists in numerous countries.
One of the biggest risks highlighted in the 2019 report was not the possibility of a global recession, trade wars or political extremism. Rather, it was the risk of nuclear war using weapons of mass destruction. The logic behind this applies to your investment strategy as well.