Ed

And that's why all funds tend to look the same.

The important, the thing that's going to make you retire rich is retaining, you know, hopefully growing, but like retaining assets and earning that 2%.

Yeah.

You don't even need to invest well.

Yeah, yeah, you just so you have a strong incentive, like not to screw it up, then you have to like really, you know, go for it.

You know, it's, it's a huge issue.

Can I just say something by way of process?

I don't think my predictive powers are particularly strong.

There's this guy, Dan Davies, who's a writer, and he says, the reason to make predictions is that otherwise you don't know what to be surprised about.

Do you know what I mean?

When events happen, the natural tendency is always to be like, oh yeah, I saw that coming.

You know what I mean?

And once you go on Ed's podcast and you say it out loud in front of everybody, at least people will call you up and tell you what an idiot you are when it turns out to be wrong.

You know what I mean?

That's literally the main reason to do predictions is to discipline.

Yes, exactly.

So it's not because I have some crystal ball because I think about markets all day.

Nobody does.

Right.

But it's an accountability machine in some way.