Баєтт says: even if the Third World War is coming or the next Cold War is approaching, I will continue to hold stocks.

Mainly for the following reasons:
1. In war and great upheaval, cash is the most dangerous, it will depreciate significantly.
2. The equity of high-quality companies is a hard asset to resist chaos, capable of continuously generating cash flow.
3. History proves that the stock market always moves upward in the long term, and major crises are great opportunities.
4. When others panic and plummet, it is the golden opportunity to buy good companies at low prices. Holding onto constantly depreciating cash and waiting passively is the greatest danger.
What can truly survive bull and bear markets are those excellent companies that can continue to make money, pay dividends, and sell things to humanity regardless of how the world changes.