The Importance of Inflation and Interest Rates

When I moved over to Jenison in economics, inflation and interest rates were well into the double digits. And with the guidance of art Laffer and watching Paul Voker, we made the call that this was going to peak. So it was a great time to start a HEGS fund because, you know, after a while, you realized, okay, now they're counting eyeballs to value these companies. This is not going to end well. It was an exciting time to learn how to run a HEGs fund and to be global as well.