Anthony Scilipoti

What I think the more meaningful, important impact on investing today is the power of the retail.

I watched that movie called Stupid Money.

What's it called?

With Hello Kitty.

Oh, yeah, yeah.

That was great.

That is, you know, these are movies, they're fantastic.

Yeah.

Because, and I love the word fantastic.

We haven't said it yet, but because it's something supernatural.

It's something that is both good and bad and it changed something.

And so what that really exposed is the power of the retail investor.

And today, the retail investor as a component of total investment is the largest it's ever been.

And the other thing that's interesting is that the prevalence...

of all and how easy it is for the retail investor to have just the same information and maybe even better, I don't know, but to have access to both technical, technical looking at charts, fundamental looking at actual financial information, social media stuff,

access to that in any way that i could get yeah at very low cost so when i started in the industry in 1999 okay and this think of buffett he'll tell you the story of he used to read the financial statements and he used to get the chart the old charts and look at them and no one was doing that

They weren't paying attention, even institutional investors.

And the retail investor was hardly paying attention.

We were just learning on dial-up.

Oh, I remember that.