The Return Hedge Funds

The tenure o rates, and that they came down as much as they did during the pandemic. And so naturally, if you know over ten years you can only get one % compounded on your money, ah, well, then something that's not going to produce cash flow for you until ten years from now, looks a lot more attractive. The market mania is much more volatile than our fundamental valuing of the company. If somethings rallying, it's often rallying. If it goes up because it beat on earnings, that doesn't change what we think the company's going to look like five years from now. That's why we actively manage the folios. But i,