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Joining us now, Edward Yardinney, for a two-hour conversation. I got eight ways to go here.

You have a young Turk in the green room with you this morning. What's your number one advice to a 22-year-old kid who's like, my God, I'm sitting next to Edward Yardinney. What do you tell

the young Turks? Read my books. I did buy them before you read it, right? You don't have to buy

them. They're open to the public. I share the knowledge that I've gained over the year. So in

2018, I wrote a book called predicting theing the Markets. It turned out to be 600 pages long about what I learned in the first 40 years of my career. Now I'm working on the next 40 years. What's the maxim that's been most true across the emotion of this bull market that won't go down? Well, I think it's earnings. I mean, it won't go down because

earnings won't go down. I think the reason earnings have been so resilient is because the economy's

been so resilient. You know, it's every time we throw something at it, it just hangs in there.

Are we getting a free launch from a set of stimuli that have goosed revenues to generate

that free cash flow? I think there's certainly something to be said for that. I mean, one and a half to

two trillion dollar government deficits certainly are stimulative, but we've also had a very strong

consumer, not, you know, kind of inconsistent with the so-called K-economy thesis. I call it the G-economy thesis. It's really the baby boomers that are keeping spending going because they're retiring. And they've got $89 trillion of retirement. It's a wall of money. Lawrence McDonald's talked about. Yeah, that's exactly. I mean, it's just there. It's just a wall of money. And then, of course, there's the AI capital spending boom. And there's a lot of controversy about whether that's going to pay off or whether it's not and it's one big bubble that's going to burst. I think it's going to pay off. So that's kind of where I want to go, Ed. I mean, you've seen so many cycles, so many

major themes in this marketplace, whether it's the internet or, how do you think about AI here?

...