Ed

I'm just saying it's not stupid, right?

Yeah, over the long term.

But the problem with these kind of arguments is you don't know when the long term is.

The investing horizon of the average investor, the time from when they have enough money that they have something to invest to the time that they retire and have to start spending the money or whatever, you've got a 20-year horizon there.

You're middle-aged by the time you have anything to invest, and then pretty soon you're retiring.

So like,

you know, over a period of a hundred years, maybe you're right, but we're not playing a hundred year game.

Nobody in the stock market is playing nobody in the bond market is playing a hundred year game game.

You know what I mean?

So it's, it's, you can understand why the market might not price these things in well, because nobody in all the people, when the comeuppance comes, everybody in the market today is going to be dead or in a retirement home.

Yes, exactly.

We had a pretty good thing going.

I know a lot of people don't agree with that.

And our system, by which I mean the American system or perhaps the developed world system, a lot of people sit in a lot of different places in that system and will have different experiences of it.

But I think overall, in terms of wealth and health and all the stuff that I want, I listen to the complaints of

about that system that are made by Trump and his, uh, his team.

And they just seem wildly exaggerated.

So like the argument I would lean, if I had to make an argument, I'm like, whoa, whoa, whoa.

Things are pretty good.

Are you sure you want to start rolling the iron dice here?