When you look at the history of companies that have created wealth, you will find one thing in common: All of them have something that sets them apart from their peers. It could be anything: A brand, or large market size, a product, or market share built over a period of time. And their managements would also have had the experience of dealing with all kinds of crises and economic cycles. These traits ensure the company will (and has the ability) to remain focused on earnings. War or no war.