Scott

Because it's funny you say that, because my brand perception is when I say, can please distill and give me a sense for if there are winners and losers in the proposed UK trade agreement, I think of perplexity, because I assume it's going to have more up-to-date information, and you're saying that's not accurate.

Look, I was a hater and I like to think I've evolved as a human and I'm open to learning. I think Coinbase, consumers have decided this is for them a legitimate asset class and they get to decide that. I do think the lack of regulation here is somewhat frightening that on April the 9th, just a few weeks after Trump launched his Trump coin,

Look, I was a hater and I like to think I've evolved as a human and I'm open to learning. I think Coinbase, consumers have decided this is for them a legitimate asset class and they get to decide that. I do think the lack of regulation here is somewhat frightening that on April the 9th, just a few weeks after Trump launched his Trump coin,

Look, I was a hater and I like to think I've evolved as a human and I'm open to learning. I think Coinbase, consumers have decided this is for them a legitimate asset class and they get to decide that. I do think the lack of regulation here is somewhat frightening that on April the 9th, just a few weeks after Trump launched his Trump coin,

They decided to shut down the unit of the Department of Justice investigating crypto fraud. So it's a bit of the Wild West. To be in the S&P 500, the S&P 500 has a committee that selects companies based on a blend of quantitative and qualitative judgment.

They decided to shut down the unit of the Department of Justice investigating crypto fraud. So it's a bit of the Wild West. To be in the S&P 500, the S&P 500 has a committee that selects companies based on a blend of quantitative and qualitative judgment.

They decided to shut down the unit of the Department of Justice investigating crypto fraud. So it's a bit of the Wild West. To be in the S&P 500, the S&P 500 has a committee that selects companies based on a blend of quantitative and qualitative judgment.

And you're supposed to have at least a market cap of 21 billion, a lot of liquidity, a public float of greater than 50% shares available to the public. You're supposed to be profitable. And I do think that the S&P, it's a really interesting construct, the synthetic grouping, if you will, because it essentially says we're going to do a lot of diligence on what are the best American companies.

And you're supposed to have at least a market cap of 21 billion, a lot of liquidity, a public float of greater than 50% shares available to the public. You're supposed to be profitable. And I do think that the S&P, it's a really interesting construct, the synthetic grouping, if you will, because it essentially says we're going to do a lot of diligence on what are the best American companies.

And you're supposed to have at least a market cap of 21 billion, a lot of liquidity, a public float of greater than 50% shares available to the public. You're supposed to be profitable. And I do think that the S&P, it's a really interesting construct, the synthetic grouping, if you will, because it essentially says we're going to do a lot of diligence on what are the best American companies.

And then index funds can come into it. And there's something sort of simple and magical, and that is they kick out a company like Discover and say, you're no longer one of the best 500 companies.

And then index funds can come into it. And there's something sort of simple and magical, and that is they kick out a company like Discover and say, you're no longer one of the best 500 companies.

And then index funds can come into it. And there's something sort of simple and magical, and that is they kick out a company like Discover and say, you're no longer one of the best 500 companies.

But yes. They got acquired by Capital One. Is that right?

But yes. They got acquired by Capital One. Is that right?

But yes. They got acquired by Capital One. Is that right?

Yeah. So it's sort of when you invest in an S&P index fund, you're not only getting diversification, but what you're getting is... And you're benefiting from this committee's attempt to be the arbiter of what, in fact, are the best companies.

Yeah. So it's sort of when you invest in an S&P index fund, you're not only getting diversification, but what you're getting is... And you're benefiting from this committee's attempt to be the arbiter of what, in fact, are the best companies.

Yeah. So it's sort of when you invest in an S&P index fund, you're not only getting diversification, but what you're getting is... And you're benefiting from this committee's attempt to be the arbiter of what, in fact, are the best companies.

So when you buy an S&P company, the natural assumption is you are getting companies that are not only great companies, but quite frankly, they're still either maintaining their greatness or on the upswing. And then they kick out companies, which I really like. So this is a big deal.