War & Veterans Day

David R. Kotok
Sun Nov 13, 2022

“There is no hunting like the hunting of man, and those who have hunted armed men long enough and liked it, never care for anything else thereafter.” Ernest Hemingway.

“Ours is a world of nuclear giants and ethical infants. We know more about war than we know about peace, more about killing than we know about living.” Omar N. Bradley.

Veterans Day started as Armistice Day, after World War 1. The official designation by the armistice agreement was “the eleventh hour of the eleventh day of the eleventh month of 1918” (“Armistice Day,” https://en.wikipedia.org/wiki/Armistice_Day).

Poppies became the official flower of November 11th because of the powerful poem “In Flanders Fields” (https://www.gilderlehrman.org/history-resources/spotlight-primary-source/world-war-i-poems-%E2%80%9C-flanders-fields%E2%80%9D-and-%E2%80%9C-answer%E2%80%9D-1918).


Poppies - official flower of November 11th - poem “In Flanders Fields”

(“The Poppy Story,” https://www.legion.org/poppyday/history)

Veterans Day parades were and still are ubiquitous in America. Here’s a link to a Getty photo collection of 7912 Veterans Day parades: https://www.gettyimages.com/photos/veterans-day-parade.

Our American traditions are deeply rooted in war. We honor those who died in war on Memorial Day (originally called Decoration Day and rooted in the aftermath of the Civil War (“Memorial Day,” https://www.history.com/topics/holidays/memorial-day-history).

We honor those who fought and survived on Veterans Day. We also celebrate the beginning of the American War of Independence on the 4th of July. We celebrate the birthday of the nation’s revered first president, a warrior veteran named George Washington. And we remember the president who powerfully spoke at Gettysburg in the midst of the Civil War, urging his listeners “to be here dedicated to the great task remaining before us … that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.” (“The Gettysburg Address,” https://www.abrahamlincolnonline.org/lincoln/speeches/gettysburg.htm)

So will our nation “long endure,” as Lincoln prayed? This is now a vital question once again in America. What will be the fate of the democracy that so many have died to defend and that so many veterans have survived while defending it? During this post-election uncertainty period we continue to observe the debate dominating our national conversation.

This Veterans Day weekend we want to recommend a book. It is provocative in the way it addresses the question of what lies ahead for us and whether we will long endure. The title is 2034: A Novel of the Next World War (https://www.amazon.com/2034-Novel-Next-World-War).

It took me under two days to read it. For me, it was a “page turner” in the first degree. If you read it, please think about the condition of our world today and include Putin’s declared war on our way of life. In my opinion Putin is waging a war on the entire planet now because he has set back climate change mitigation by a generation and has also introduced a global famine which will unfold for years.

Now, a personal note.

As a kid, I grew up with veterans all around me. I went to decorate graves with my father (WW2, Navy). Family friends included many vets. I watched veterans march in parades on Landis Avenue in Vineland, NJ. I wore poppies and then sold them for a dollar and gave the proceeds to the American Legion. “Buy a poppy, help a vet” were the words I uttered. There was a draft then. Everyone was expected to do what was necessary to help the country. You got to a certain age as a teenager, and you registered with your local draft board. That’s the way it was.

My time as a veteran was with the Army, 1966–1969. I was one of the lucky ones and did not end up in Vietnam. Instead, I served three years on an assignment in Germany. Others I know were in Southeast Asia. Many of them don’t want to talk about it. We have contemporaries who served elsewhere. We are all vets. We may not see each other in person frequently, but we have an immediate bond when we speak with each other or encounter each other in person. That bond of our service to the nation has endured.

I now worry for my country. Maybe that is what happens if you live long enough to see your nation survive crisis after crisis. It’s likely, I think, that former generations of vets — those who survived their service — worried similarly in their later years. Maybe that has always been the case, whether in the recent world wars or after the battles at Thermopylae or Marathon. There were vets then, too.

I worry that we don’t teach history to our younger folks. And I wish we had some type of draft or conscription for a national service requirement (could be combat or non-combatant) that was universal and applied to men and women. Instead, we have two classes of folks: those who serve, survive, and become vets and those who don’t even think about it. Among the classes who serve there are two subcategories. Some come from family or cultural traditions that encourage and honor service to our country. Others see military service as an opportunity to improve their life prospects. Both are important.

What is missing is the “melting pot” that in earlier times gave Americans a common theme of national purpose while maintaining our diversity.

So I worry. Lincoln’s words resonate this Veteran’s Day weekend.

David R. Kotok
Chairman & Chief Investment Officer
Email | Bio

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.


Sign up for our FREE Cumberland Market Commentaries


Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.