Buck Sexton

So you start thinking about every 10 years a doubling, and you start looking at 20, 30, 40, 50 years of that.

That's not even talking about putting more money in as you are, which obviously makes it even better.

But every 10 years doubling, I just don't think most Americans really understand the value of starting early and continuing to pile in.

This is a big picture question for you.

You've been involved in finance for a very long time.

And we're talking to Joe Livornia.

When you look, I was reading recently, Amazon went public with an initial market capitalization of around $500 million.

And then it has risen up to multiple trillions of dollars, which meant if you bought $1,000 in Amazon stock when it hit public markets, you've made millions and millions of dollars.

Now there's talk about SpaceX.

I'm sure you've seen potentially going public at a valuation of $1.5 trillion, which means a lot of the value created in that company will never have been accessible to so-called average investors.

The number of public companies is declining overall.

Are you concerned at all about the way that the public markets are kind of being skipped and all of the value is being created now in private marketplaces, which doesn't give the average Joe investor the same access to roaring growth marketplace companies as might have existed back in the 90s or before?

Oh, I think the economy is going to be flying and firing on all cylinders.

And like you just said, we're over 5% for the fourth quarter.

And, man, if we could get 5% growth in 2026, it would be transformative on so many different levels.

Joe, we appreciate the time.

Thanks for coming on with us.

Look, I want to tell you, online identity theft is a silent crime, happens without any alarms going off.

The police don't show up to arrest a cyber hacker, but it can happen to every one out of four of us one way or the other.

Worst part is you won't know when it's coming.