Dan Caplinger

Maybe it is just the fact that consumers have managed to do it.

Like Lou said, there'll be a breaking point at some point, but until it comes, it won't necessarily show up really well.

With regard to variable interest entities and other creative financing deals, what I tend to look at is transparency.

My view is that the less transparent a particular business model or funding mechanism is, the more problematic it is likely to be.

Because if there weren't problems, people would be totally comfortable just showing the terms.

I don't really have a problem with creative financing.

I think it's interesting to look into the structures.

It's interesting to come up with different ways for different investors to benefit based on certain outcomes.

But I need to be able to understand it.

And once I stop being able to understand it, then it starts to feel more like somebody's trying to pull the wool over my eyes and pull a fast one.

One last thing I'll add is just that I think that the financial crisis, the housing bubble taught analysts to look out for things like this.

We're not going to get surprised again.

It's just a matter of now everybody's on the lookout.

I would rather be a puller of gold.

I like the physical aspect of it.

I like the chemical uses of it.

I do own gold.

I also own a smaller amount of Bitcoin.

Yeah, me too, as well.

I have a lot of Alphabet stock in my portfolio, and I'm very comfortable with both its AI exposure and its non-AI exposure.