joel: The market is completely overvalued right now, you think? Or is this makes sense because of inflation. It's a market of stocks, not a stock market. We own a bunch of the best businesses we've ever seen. But there were hundreds of businesses that lost money last year. If you bought em all that lost money and sold them to someone who would have made more than 100 per cent on each purchase, they'd be up almost a hundred per cent in one year.