During the financial crisis of 2007-2008, Warren Buffett wrote an article called “Buy American. I Am.”. In this article, he reassured both the public and experienced investors that this was an opportune moment to invest in equities, despite fears and uncertainty. Buffett emphasized that although businesses might encounter temporary setbacks in their earnings, he had strong faith that most major companies would achieve significant profit growth in the next 5, 10, and subsequent years.

Looking back, Warren’s judgment was accurate.

I am also writing this article today during turbulent times in Israel. Over the past few months, Israel has experienced political chaos that nearly reached a point of no return. Furthermore, on October 7, 2023, Hamas initiated a terrorist war that resulted in numerous casualties and disrupted economic operations. This occurred precisely 50 years later than the 1973 war, which once again endangered the survival of the Jewish people.

While the global financial crisis of 2007-2008 and the ongoing events in Israel differ in many ways, they both share a common element of uncertainty about the future. Currently, the conflict is mainly taking place in Gaza, but tensions also remain high along the northern border. As a result, many individuals have been forced to leave their homes near Lebanon with no guarantee of being able to return. Given these circumstances, it is understandable that people have doubts about what lies ahead.

I possess no mystical crystal ball that can foretell the future or its timing. Just like Buffett, I am completely clueless about the unfolding of events or the fluctuation of the Israeli market in the near future. However, there is one undeniable truth: the Jews have always proven themselves to be resilient survivors.

Israel, a nation of similar size to New Jersey, has consistently emerged victorious in numerous battles against formidable opponents. I am aware that a many Jewish investors have expressed reservations about investing in Israel due to its complex geopolitical landscape. To address their concerns, I would like to share a statement made by Intel CEO Patrick Gelsinger in a recent interview:

“The Israeli people are the most resilient people on Earth. They have not missed a single commitment despite the conflict”.

History unequivocally demonstrates that betting against the Jews is a futile endeavor. Just ask the Egyptians, Jordanians, Lebanese, Syrians, and Iraqis. Hitler also attempted it, and for a period, it seemed like he was succeeding. Nevertheless, his actions ultimately yielded the opposite of what he sought to accomplish.

Back to our time: The TA-125 index closed at 1,859 before the war. Despite a dip to 1,601, it has now surged and stands tall at 1,875, completely recovering its losses in record time.

While I’m no expert at making predictions like economists and investment bankers, I’m confident that Israeli corporations of exceptional quality will set record profits in the future. The first 75 years of Israel’s history are merely a glimpse of the vast economic prosperity that awaits us. Lastly, given the track record of unsuccessful attempts to bet against the Jews and Israel in the past, wouldn’t it be wise to adopt a bullish stance on Israel?

I certainly do.