Emmet

I think there's another really super interesting story floating around at the moment.

Ridiculous.

You've got a basket of both.

I'm going to go with the lows, despite the wisdom of David Gardner in my ear for my whole life, where the up goes upper.

you know it doesn't make sense at all whether or not you agree with the food Trend McDonald's survived for 50 plus years doing what it does and making more money more or less every year I'm going on I'm sticking with McDonald's a little trip to Home Depot I'm buying some Lululemon gear uh what else did you say there uh you can put a bed on in Paddy Power my card of Libre

A magnificent business.

We spoke about it in a recent podcast.

Honestly, one of the greatest or possibly the greatest Latin American businesses of all time.

How on earth are these companies hitting all time lows while we see businesses that have depreciating assets, albeit powering the future, being shipped out the door at preposterous multiples?

interesting it's an interesting point in the markets but uh well we'll leave it there we haven't really answered the question if we're in a bubble or not but we're probably not far off we're bubble adjacent you know uh i guess the bigger question is what does it mean for my portfolio construction so whether you're in a bubble or not the real thing is what does it mean for me

And it certainly, for me, doesn't mean sell everything.

For me, it doesn't mean even sell anything.

That's just me as an investor.

But it certainly suggests that in the short term, upside might be more limited.

But as we saw on SanDisk, we can say that all we wish.

Might still have another 600% to go.

It's in his book, Rule Breaker Investing, which I interviewed him about on the podcast here.

Right.

Okay, Mike.

The story that we both figured was just so interesting slash bizarre is that meme stock favorite GameStop is bidding for internet...