The Importance of Time Management in the Growth Equity Index

In the middle market index range, the lowest was two times EV to sales and the highest multiple was nine times. In that growth equity index, it got as high as 26.5 times. And you can see that in the EV to sales chart, a couple charts above this one. Average over 20 years was eight and a half, pulled up significantly from the low to mid-20s recently. But when things converge, they converge, right? I mean, you don't see a premium, well, I guess you do. You see a.2 premium when things are really bad for growth compared to what I'd call value,. That middle market index is actually very surprising.