With Los Angeles, it's kind of a love-hate thing. Sometimes I think it's marvelous, and sometimes I think it's a dump. It's so fake and I can't deal with how fake it is.
I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
Napoleon had been fighting this army of slaves and free people in Haiti and it depleted his forces. And after the Revolution, when the French were driven out, they stopped and sold this big chunk of North America to the Americans for very little money.