Most futures contract experts are like the eliminated champions in 'The Hunger Games,' exhibiting extreme survivor bias. However, there will always be new areas emerging, and those institutions and individuals that have perished may not have even made a sound.
The thinking in 'On Protracted War' is what investors should learn more about, but we should also be grateful for the crazy short-term speculative trading of memes and futures. It is precisely because there are so many such people that it creates scarcity in long-term value opportunities.
