Is There a Credit Event Out There?

Pace is an interesting ETF. Not a lot of, not a lot of asset. Well, actually that's 331 million assets. Doesn't trade though. But if for someone who wants to participate, I thinkETFs are great. If you just have a little bit of an edge, which is for me right now would be equal weighted S&P, equal weighted consumer discretionary instead of cap weighted, you can really do just fine. And yeah, I've always been a believer in active management as Michael said, is really tough. Particularly from 2016 on through 2020 to beat the averages unless you were concentrated in six stocks or five stock. That just was my life stream to find winners

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