Scott Galloway

And you actually went in and you bought IGV.

You bought software stocks.

I believe it was last week.

So give us your views on what's happening in the tech sector right now.

And why did you buy?

Why are you bullish?

It's interesting because on the halo point, it does seem as though the momentum, so just so everyone knows, you create this term, heavy asset, low obsolescence.

It describes these more physical conditions

companies that you're describing here.

And it describes a wave that was emerging and developing over the past several months.

And it has become a very, very popular and actually crowded trade, as you point out with those charts that look like the Empire State Building.

Meanwhile, the software names, the application layers have been getting absolutely battered.

Companies like Salesforce and

ServiceNow and even some of the cybersecurity names, eventually CrowdStrike, those companies have been getting destroyed.

And so I guess the question becomes like, at what point does either of those trades become overplayed?

And when does it get old?

And it does seem, my view,

I mean, you bought IGV.

You're saying it was more of a trade play than a real long-term investment.

Maybe you can elaborate.