dtcwee: The Value of Nothing

The British Empire hit peak size in 1919, gaining Axis territories through the Treaty of Versailles. Over the coming decades it ceded cultural, military, and economic power to the United States. How did this play out for Britain's investors?

Same again tomorrow. One thing I like to tell myself during bear markets: On any given trading day, three quarters of a percent of the U.S. market turns over .