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The Evolution of the Asset Management Business
I think we're seeing a maturation of the asset management business as well as the newsletter business and an adaptation and evolution to technology. And I always wonder, every time there's a new one, I wonder, does this person have a real edge? Well, you know, it's interesting. So look with this when I talk about evolution, adaptation technology, et cetera. Like Renaissance, technologies, all they do is leave people like Jim Simon who are arguably the most successful hedge fund in history just harvesting what I call psychology induced volatility.