It's Tuesday, July 2nd. Welcome to Mark Fuller. I'm Chris Hill joining me in studio from M-Fam Funds, Bill Barker.

Thanks for being here. Thanks for having me.

As I mentioned yesterday with Ron Gross we're we're off this week

basically but we don't want to we don't want to go with no episodes it's just a

short week it's a short week so we'll we'll be tomorrow, we'll be off Thursday, but we're here yesterday and today.

Yeah, go to the beach.

Go to the beach, take a little time off, hopefully folks get a little bit of time off.

Pay some attention to your family for once.

Stop listening to podcasts all day long.

Is that what you're saying?

That was directed at me, wasn't it?

I just did it.

We're going to dip into the full mail bag because we got a bunch of great questions.

Let's start with Jordan White, who writes to us from Yale University, your alma mater.

A fine, fine institute. If there was one. Jordan, a little

bit younger, he's class of 2020. A little bit. Jordan writes, I was hoping you could

explain PE multiples a bit. I was confused why Shake Shack's multiple

was super high why would a stocks earnings per share go down when their stock

price goes up to math question so clearly it's not for me.

There, yeah, so the PE multiple is one data point made up of two data points, the price and the earnings, and it's a shorthand to get into part of the story on a stock.

So if a stock is trading at 20 times earnings and the market's 20 times earnings and okay

it seems like it sounds like sort of an average amount of enthusiasm for that company

...