Speaker 2
Alex, i'm completely with youti the idea that you can't that the markets are efficient is just so preposterous. Like, first of all, who makes it efficient? Someone has to make it efficient. And i always tell the story of my best high school friend. He went off and he went to some fancy school in europe. He went to ensiad, and afterwards he sa, he got this job. He made some money, and he wanted to make some trade. So he foned me up and i told him about some arb i was doing some trade. And he said, no, waitand he was all confused. And i said, what's what's the promays, but that can't exist and that was like, what you mean? It can't exist? Hie says it shouldn't exist. And i said, ya, you're right. We're going to make it so it doesn't exist any more. We're going to go and do the arb and figure it out. But for him, it was just so foreignt that this existed in the market. And people don't realize that it's, it's people like us that are trying to keep it in line. And then there's that whole other element of the wen psychological crowds get out out ot of hand. Now i'm going to just segway into one more question i have before we get some fun stuff. One more question about the markets in the current environment. And and i'm is your background russian? Amileam i correct? Yes, yes. So i can't, you know, i have a russian that specializesi in the markets. I got to ask what you think about the ukraine russia situation. And you can tell me, both from a political point of view, but more importantly, from a marked point of view, whether it's going to matter.
Speaker 3
Honestly, i'll be honest with you, i feel i have very little to add as far as expert opinion. There there is er when understanding any particular region, there is of course, a lot of like history of the region and history of temsonsnt er stories is always much more complex. And they appear from outside that's all i can say about that's basically true from that comflict, as well as or any other original comflex. I think temsons are real. Somehow, my bias right now not to this as a world ending crisis. Like, i don't see this s this is not on a fourth front of my mind. This like, for example, if you just take the purely utilitarian point of view, forget about human tragedy for the moment. And as a trader, you won't have to forget about this and focus just on the partfor impact. And if you told me what could be the next think that the next relly bad thing for over all risk in the world, i probably would not guess that it would be the crisis, russian ucranium crisis. And i could be very wrong, because that could end up being that. Because who would have guessed that in 98, russian death crisis would be the capitalist for a many global financial crisis? Iht kind ofa practice ron for two thousand eight global financial r crisis it so who knows? What can like the dominos. I don't see this as nocking the dominos. Just that's my intuition. Ok, well, that's ot i might end up eating i might as end up eating those words.