Sometimes, it is an incident which proves that a policy that was being followed for some time was indeed correct. But, then, there may be more to the story. In investing for the long term, there will come phases where stocks will underperform, like all the defence stocks did between July 2024 and February 2025. Then will come a phase where they will gain very sharply, as they did from early April till last week. Now the question is: Should you buy, sell, or hold defence stocks? The answer is somewhat complicated.
