Merryn Somerset Webb

But that rather reflects lack of confidence in the management team being able to amalgamate things in the way you've just been talking about.

You don't want the market to agree with you for a while, right?

Yeah.

Let me ask you about another one on the top 10 before we move on to different things.

GSK, you've got there at number five.

Yep.

That seems to keep coming up when I talk to fund managers and listen to Doc Picker speak.

GSK is very popular at the moment.

So what we've got here is a relatively inexpensive portfolio, pretty high conviction and very pragmatic in terms of where you look in the market, right?

Imagine an Olympics where doping is not only legal but encouraged.

It's the enhanced games.

Some call it grotesque.

Others say it's unleashing human potential.

Either way, the podcast Superhuman documented it all, embedded in the games and with the athletes for a full year.

Listen to Superhuman on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

The United States will not stand by and allow any power, however great, take over another country.

I like hearing you talk.

The world should hear about this!

We were talking earlier before we came on about different investment styles.

And, you know, you call yourself a value investor.