Tyler Crowe

And to your point, Lou, just kind of enriching the management.

That was kind of the worst examples of it.

In some ways, even just buying questionable real estate just for the sake of buying stuff, again, for the fees.

Yeah.

I greatly appreciated the concept of bringing a lot of these funds, both on the accredited and unaccredited version.

It was trying to make assets that were typically reserved for higher net worth individuals more accessible to all of us.

And I can understand the appeal, and I do sympathize with that.

But the regulations on this part has just been like the Wild West.

And really, you're throwing individual investors to the wolves here.

The reason that this has been reserved for the rich is because they could hire an army of analysts and lawyers to look over this stuff.

And us weekend hobbyists don't really have the assets to really do that.

Apologies to Matt looking for advice on this, but I think the best advice we can give for a lot of these things is maybe it's best to stay away and stick to the publicly traded stuff.

Like I said, maybe it's one or two percentage points lower for publicly traded REITs, but you get a lot of the advantages of liquidity and transparency.

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