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Jake Chapman

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What They Said

“When you're investing in perfect markets, what you get is beta, right? If the market goes up, everybody does well, but no one's really generating any alpha. Defense is still broken.” — Jake Chapman, How I Invest with David Weisburd

Weisburd had asked for the best economic reason to invest in defense tech. Chapman gives the patriotic answer first and then the mercenary one, having spent the previous stretch describing how procurement split into two organisations that did not talk to each other. His pitch is not that the sector is growing but that it is dysfunctional, and that the dysfunction is where the returns live.

How I Invest with David Weisburd · 2026-08-12 Context → Listen →

Where They Turn Up

How I Invest with David Weisburd 1