Ed Elson

I mean, you didn't usually make a lot of money if you bought them right at the IPO price.

Right.

They did become great assets over time, so you had to be really careful.

But I just push you to think about the fundamentals, and I'll just throw one or two things by you.

When you think about open AI and Anthropic, you've never seen companies scale revenue.

This is not a recommendation of these things, but you've never seen companies scale revenue as quickly as they have, faster than anybody.

Yeah.

And you've seen with Anthropic, what's been reported recently is that they're just about to turn operating profitable on an operating income basis.

Not funny EBITDA, but like real profits.

So there's a there there, and the fact that Google and Amazon and Microsoft and Meta are spending so much money,

Going after this, you've got some of the sharpest minds in the world spending that much money.

There's a there there.

Now, whether it gets valued right or not, I just push you just to think about what's the just, you know, follow the fundamentals first and then figure out your price later.

But these are unprecedented fundamentals.

How are you, Ed?

I'm doing well.

Doing well.

Very excited for our show happening in two days.

We're heading to San Francisco to kick off the Property Markets Tour with a fully sold out show.

I can't wait to go live for the first time.