{"id":65658,"date":"2026-03-01T23:06:02","date_gmt":"2026-03-02T04:06:02","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=65658"},"modified":"2026-03-01T23:06:02","modified_gmt":"2026-03-02T04:06:02","slug":"the-whole-world-is-festering-with-unhappy-souls-heres-what-motivated-ali-khamenei-should-i-invest-in-drone-makers","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=65658","title":{"rendered":"The whole world is festering with unhappy souls. Here&#8217;s what motivated Ali Khamenei. Should I invest in drone makers?"},"content":{"rendered":"<p style=\"text-align: left;\">In 1959 The Kingston Trio sang <em>The Merry Minuet<\/em><\/p>\n<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65662\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2026\/03\/The-Kingston-Trio.jpg\" alt=\"\" width=\"341\" height=\"336\" \/><\/p>\n<p style=\"text-align: left;\">Their happy\u00a0 lyrics:<\/p>\n<div class=\"ujudUb\" style=\"padding-left: 40px; text-align: left;\">\n<p>They&#8217;re rioting in Africa<br aria-hidden=\"true\" \/>They&#8217;re starving in Spain<br aria-hidden=\"true\" \/>There&#8217;s hurricanes in Florida<br aria-hidden=\"true\" \/>And Texas needs rain<\/p>\n<\/div>\n<div class=\"ujudUb\" style=\"padding-left: 40px; text-align: left;\">\n<p>The whole world is festering<br aria-hidden=\"true\" \/>With unhappy souls<br aria-hidden=\"true\" \/>The French hate the Germans<br aria-hidden=\"true\" \/>The Germans hate the Poles<br aria-hidden=\"true\" \/>Italians hate Yugoslavs<br aria-hidden=\"true\" \/>South Africans hate the Dutch<br aria-hidden=\"true\" \/>And I don&#8217;t like anybody very much<\/p>\n<\/div>\n<div class=\"ujudUb\" style=\"padding-left: 40px; text-align: left;\">\n<p>But we shall be thankful and tranquil and proud<br aria-hidden=\"true\" \/>For man&#8217;s been endowed with a mushroom-shaped cloud<br aria-hidden=\"true\" \/>And we know for certain that some lovely day<br aria-hidden=\"true\" \/>Someone will set the spark off<br aria-hidden=\"true\" \/>And we will all be blown away<\/p>\n<\/div>\n<div class=\"ujudUb WRZytc\" style=\"padding-left: 40px; text-align: left;\">They&#8217;re rioting in Africa<br aria-hidden=\"true\" \/>There&#8217;s strife in Iran<br aria-hidden=\"true\" \/>What nature doesn&#8217;t do to us<br aria-hidden=\"true\" \/>Will be done by our fellow man<\/div>\n<p style=\"text-align: left;\">On Saturday the <em>New York Times<\/em> published this brilliant guest essay:<\/p>\n<p style=\"padding-left: 40px; text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65665\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2026\/03\/The-man-who-destroyed-Iran.jpg\" alt=\"\" width=\"325\" height=\"497\" \/><\/p>\n<header class=\"css-16uri30 euiyums1\">\n<div class=\"css-p6m5rf\" style=\"text-align: left;\">\n<div class=\"byline-container css-t91cuf epjyd6m2\">\n<div class=\"css-ehpuw4 epjyd6m1\">\n<p class=\"css-1tx0lhj e1jsehar1\" style=\"padding-left: 40px;\"><span class=\"byline-prefix\">by <\/span><span class=\"css-1baulvz last-byline\">Karim Sadjadpour<br \/>\n<\/span>Mr. Sadjadpour is a senior fellow at the Carnegie Endowment for International Peace.<\/p>\n<p style=\"padding-left: 40px;\">In June 1989, when Ali Khamenei was elevated to the position of supreme leader of Iran, he let slip the sense of insecurity that would come to define his brutal 37-year reign.<\/p>\n<p style=\"padding-left: 40px;\">\u201cI am an individual with many faults and shortcomings,\u201d he said in his inaugural address, and \u201ctruly a minor seminarian.\u201d It was, at the time, an accurate self-assessment for a mid-ranking cleric in the hierarchical world of Shiite Islam.<\/p>\n<p style=\"padding-left: 40px;\">Over the next four decades, this seemingly unqualified cleric who rose to the top almost by chance would become one of the world\u2019s longest-serving autocrats, confounding every American president since George H.W. Bush. He would at one point become the most powerful man in the Middle East, dominating five failing lands \u2014 Syria, Lebanon, Iraq, Yemen and Gaza. This ambition and hubris also eventually led to his downfall. He came to govern with the hypervigilance and brutality of a man driven by the idea that much of his own society and the world\u2019s greatest superpower sought to unseat him \u2014 which, in the end, it did. President Trump\u00a0<a class=\"css-yywogo\" title=\"\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116150413051904167\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a>\u00a0on social media that Ayatollah Khamenei was killed on Saturday. He was 86.<\/p>\n<p style=\"padding-left: 40px;\">Ayatollah Khamenei\u2019s ideology as a leader was simple and immovable. Resistance against \u201cglobal arrogance\u201d \u2014 what he called American imperialism \u2014 informed his belief system and his strategic doctrine. The reformist president Mohammad Khatami once told me that Ayatollah Khamenei believed the Islamic Republic required enmity with America. Under the Ayatollah\u2019s stewardship, the regime\u2019s enduring slogans \u2014 \u201cDeath to America\u201d and \u201cDeath to Israel,\u201d but not \u201cLong Live Iran\u201d \u2014 made clear that its priority was defiance, not development.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Ali Khamenei was born in 1939 in the northeastern shrine city of Mashhad, the second of eight children of a cleric of Azeri origin. He often romanticized his austere upbringing, saying he frequently ate \u201cbread and raisins\u201d for dinner. Enrolled in religious education by age 5, he spent his formative years in Mashhad\u2019s seminary before a brief stint in Najaf and later Qom. He never legitimately attained the senior religious credentials of his predecessor, Ayatollah Ruhollah Khomeini. He was made an Ayatollah overnight upon succession \u2014 a source of insecurity that would shape the rest of his career.<\/p>\n<p style=\"padding-left: 40px;\">While studying in Qom in his early 20s, he fell under the spell of Mr. Khomeini, then a fringe firebrand whose defiance of the shah attracted devoted seminarians. When the shah exiled Mr. Khomeini in 1964, Mr. Khamenei stayed behind, disseminating his mentor\u2019s teachings on Islamic government. He was arrested six times by the shah\u2019s secret police, Savak, reportedly enduring solitary confinement and torture. Those who knew him speculated that his hatred of Israel and America was forged in those cells, given the widespread belief at that time that Savak was trained by the C.I.A. and Mossad.<\/p>\n<\/div>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">When the 1979 revolution deposed the shah \u2014 ending 2,500 years of monarchy in Iran \u2014 Ayatollah Khomeini triumphantly returned from exile, and Mr. Khamenei was soon catapulted from obscurity, becoming president of the nascent Islamic Republic.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">When Ayatollah Khomeini died in 1989, shortly after agreeing to a cease-fire to end a brutal eight-year war with Iraq, he left hundreds of thousands of casualties, tens of billions in economic devastation and no clear successors. Hashemi Rafsanjani, who was then speaker of parliament, helped secure Mr. Khamenei\u2019s succession, mistakenly believing the then-50-year-old cleric would be his subordinate; the rivalry between them endured for nearly three decades. Ayatollah Khamenei buried Mr. Rafsanjani both politically and literally, when the latter died in January 2017.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Ayatollah Khamenei projected an image of pious frugality, but was\u00a0<a class=\"css-yywogo\" title=\"\" href=\"https:\/\/www.reuters.com\/article\/world\/exclusive-reuters-investigates-business-empire-of-irans-supreme-leader-idUSBRE9AA0CY\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a>\u00a0to have control of vast wealth built on seized property from Iranians. Under his reign, Iran\u2019s population has been isolated from the global financial system for decades. Its currency was among the world\u2019s most devalued, its passport among the most denied, its internet among the most censored. Brain drain became one of Iran\u2019s top exports as some 150,000 Iranians left the country annually.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Beyond Iran\u2019s borders, Ayatollah Khamenei filled the power vacuums left by the Iraq war and the Arab uprisings, wielding the sword of the military commander Qassim Suleimani \u2014 whom Mr. Trump assassinated in January 2020 \u2014 to project hard power and the shield of his English-speaking foreign ministers to deflect pressure. While Iranians suffered under backbreaking sanctions and inflation at home, Ayatollah Khamenei spent tens of billions of dollars funding an \u201caxis of resistance\u201d throughout the Middle East. For much of his reign, Iran was embroiled in a three-front war against America, Israel and its own population.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Iranian power in the region peaked on Oct. 7, 2023. Ayatollah Khamenei was one of the lone world leaders to praise Hamas\u2019s attack on Israel, a decision that proved to be a profound miscalculation. In the months that followed, Israel struck devastating blows against Iran\u2019s axis of resistance: the assassination of the Hamas leaders Ismail Haniyeh in Tehran and Yahya Sinwar in Gaza, and the elimination of Ayatollah Khamenei\u2019s most important ally, the Hezbollah leader Hassan Nasrallah.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Then, in a 12-day war in June 2025, Israel battered Iranian cities and military installations and assassinated top Revolutionary Guards commanders in their bedrooms and bunkers, paving the way for the United States to drop 14 bunker-busting bombs on Iran\u2019s nuclear sites. After days of silence, Ayatollah Khamenei resurfaced from underground, his voice raspy and his skin pale, to declare victory. It was a spectacle meant to project strength, but instead underscored for the world the regime\u2019s fragility.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Ayatollah Khamenei\u2019s most devastating act of violence was directed inward. In January 2026, as protests over the economy engulfed the country, he ordered what now appears to be the deadliest crackdown in the regime\u2019s history, with estimates ranging from 6,800 citizens killed,\u00a0<a class=\"css-yywogo\" title=\"\" href=\"https:\/\/www.hra-iran.org\/the-crimson-winter-a-50-day-record-of-irans-2025-2026-nationwide-protests\/\" target=\"_blank\" rel=\"noopener noreferrer\">according to<\/a>\u00a0the U.S.-based Human Rights Activists News Agency, to as many as 30,000 killed in a 48-hour rampage,\u00a0<a class=\"css-yywogo\" title=\"\" href=\"https:\/\/time.com\/7357635\/more-than-30000-killed-in-iran-say-senior-officials\/\" target=\"_blank\" rel=\"noopener noreferrer\">according to estimates<\/a>\u00a0from two senior officials in Iran\u2019s Ministry of Health, as reported by Time. It was the desperate climax of a decades-long reign of repression \u2014 the act of a man who, when cornered, understood no language but force.<\/p>\n<p class=\"css-ac37hb evys1bk0\" style=\"padding-left: 40px;\">Ayatollah Khamenei organized his existence around one big idea: resistance. It sustained him through prison, assassination attempts, sanctions and uprisings. His refusal to adapt sealed his country\u2019s fate. The Islamic Republic\u2019s tenure has, so far, amounted to a lost half-century for Iran. While its Persian Gulf neighbors became global hubs of finance, transport and technology, Iran squandered its wealth on failed regional adventures and a nuclear program that brought only isolation \u2014 all the while repressing and wasting its greatest source of wealth: its people.<\/p>\n<p>I re-publish this article, because I thought it was the best profile I had read on the man.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\">\n<div id=\"c-col-editors-picks\" class=\"css-lze5f4\">If you need to see the original of the article, it&#8217;s here: <a href=\"https:\/\/www.nytimes.com\/2026\/02\/28\/opinion\/iran-supreme-leader-dead-khamenei.html\">T<strong>he man who destroyed Iran<\/strong><\/a><\/div>\n<\/aside>\n<\/div>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Drone makers hover<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">I asked Perplexity which public companies make drones?<\/p>\n<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65668\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2026\/03\/DRone-Stocks.jpg\" alt=\"\" width=\"716\" height=\"382\" \/><\/p>\n<p style=\"text-align: left;\">I asked Fidelity how had they done in the past year: The best performer was ONDS, a money-losing but fast-growing maker:<\/p>\n<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65673\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2026\/03\/ONDS.jpg\" alt=\"\" width=\"644\" height=\"390\" \/><\/p>\n<p style=\"text-align: left;\">Here are the others over the same one year.<\/p>\n<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65672\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2026\/03\/Drone-Makers.jpg\" alt=\"\" width=\"654\" height=\"413\" \/><\/p>\n<div class=\"css-p6m5rf\">\n<p style=\"text-align: left;\">AVAV is the granddaddy of them all. My favorites are KTOS and AVAV. But I don&#8217;t own any.\u00a0 They&#8217;re in my &#8216;too hard&#8221; basket.<\/p>\n<p style=\"text-align: left;\">I suspect you&#8217;re more likely to get more bang for your buck with KTOS. (I had to write that awful pun.)<\/p>\n<p style=\"text-align: left;\">My brilliant friend Doug has done well with two overseas defense stocks ESLT (the Israeli ELBIT which is a big supplier to the Israeli military) and MHVIY (Mitsubishi Heavy Industries).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65678\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2026\/03\/ELBit-1.jpg\" alt=\"\" width=\"647\" height=\"388\" \/><\/p>\n<\/div>\n<p><span style=\"color: #0000ff;\"><strong>More on AI<\/strong><\/span>.<\/p>\n<div class=\"css-p6m5rf\">\n<p style=\"text-align: left;\">AI medicine is simply amazing.\u00a0 More on that later today.<\/p>\n<p>MSNOW reported Sunday evening hat &#8220;<em>Millions flowed into prediction markets&#8221; <\/em>before the first Iran strikes.<\/p>\n<p>Over $500 million. Like 71 minutes before the bombs started falling.<\/p>\n<p>Insider trading?<\/p>\n<p style=\"text-align: left;\">&#8212; <em>Harry Newton<\/em><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/header>\n","protected":false},"excerpt":{"rendered":"<p>In 1959 The Kingston Trio sang The Merry Minuet Their happy\u00a0 lyrics: They&#8217;re rioting in AfricaThey&#8217;re starving in SpainThere&#8217;s hurricanes in FloridaAnd Texas needs rain The whole world is festeringWith unhappy soulsThe French hate the GermansThe Germans hate the PolesItalians hate YugoslavsSouth Africans hate the DutchAnd I don&#8217;t like anybody very much But we shall [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-65658","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/65658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65658"}],"version-history":[{"count":18,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/65658\/revisions"}],"predecessor-version":[{"id":65684,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/65658\/revisions\/65684"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}