A strong military is a vital way of preserving peace and neither political party has a monopoly on a strong defense, says Bernard Schwartz, former CEO of Loral Corporation and the author of "Just Say Yes". Schwartz says he purchased Loral in 1971 because it had great technology, but was poorly managed. Schwartz eventually sold off the majority of Loral to Lockheed Martin for $9.1B, however, he was unable to repeat that success with satellite phone provider Globalstar, which went bankrupt.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Video

The Final Barrier for One Last Bull Market High

The Final Barrier for One Last Bull Market High

Market Movers: December FOMC Meeting

Market Movers: December FOMC Meeting

Potential Global Market Impacts After the Arrest of Huawei's CFO

Potential Global Market Impacts After the Arrest of Huawei's CFO

Jim Cramer Weighs in on Dave & Buster's Earnings and What It Means for the Mall

Jim Cramer Weighs in on Dave & Buster's Earnings and What It Means for the Mall

Amazon Representative Addresses the Economic Impact of HQ2 on New York City

Amazon Representative Addresses the Economic Impact of HQ2 on New York City