The Opportunity Set for Activists

I would kind of question the premise, because i think there's a lot of bad governments. But in terms of an opportunitya set for activism, i think you really also need deeply undervalued companies. When you go active on a company, you lose your liquidity. I who knows where we are in this historically long bull market. So like, to me, the realngating a factor on activus is Opportunity is undervalued on companies. And i'm not you now in them as much.