Well, welcome to Grant's Interest Rate Observer of the Air.

I'm Jim Grant, and with me today is, let's see, we've got the great Evan Lorenz,

deputy editor of Grants.

We have Phil Grant, who runs as a kind of a separate profit center around here,

something called Almost Daily Grants,

which is the must-read daily delectation about the financial markets. And to my immediate left

is Eric Whitehead, who is on the dials and controls. And with us especially today, a special guest,

is Mark Spiegel, who is the managing member of Stanfield Capital.

So, Mark, welcome to you.

Thank you.

It's great to be here.

And as I said earlier, Jim, I'm a huge fan of yours.

I've been reading you since the Barron's days, even before I worked on Wall Street.

Oh, my goodness.

Well, thank you, Mark.

Hey, we're also, we have, you know, this is, this is capitalism. We got a

couple of sponsors. We have a zip recruiter and we have e-financial careers, which is kind of like

Macy's and Gimbals, but we'll sing the praises of both presently. But first and foremost, Mark, welcome to

the Grants podcast and tell us a little bit about your M.O. Phil is a big fan of yours on Twitter,

and he quotes you as saying a quote, I buy deep value and short bubbles, and I don't do it quietly.

Now, that is a great line, but is it, I don't know, is it, is it like a moneymaker these days or what?

I mean, the shorting of the bubble stuff.

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