Summary: 241 years ago, Lord Cornwallis surrendered to George Washington on the plains of Yorktown, Virginia. 10,000 British troops were captured, effectively ending the Revolutionary War. Tradition has it that during the formal surrender ceremonies, the British band played the ballad, “The World Turned Upside Down.” Has asset management turned upside down? The riskiest assets are deemed safe, and the safest are certifiably risky. Cash, considered the safest of safe havens, is losing value relative to inflation. Inflation […]
