I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts of

traditional orthodoxies around how organizations execute the work at hand. That's Jason Gersatus,

CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI. Join him later to

learn why agents are a game changer for businesses across industries.

Alexis is making her exis. Exodus, you're leaving. Exodus, yes. Exit is a cross between

exit and Exodus. You're, I like it. You're leaving us, this podcast.

Was it something I said?

I'm difficult to work with, right?

Tell the people.

Well, you know, Jack, it's not you.

It really is me.

So here's what we're going to do.

We'll answer some listener questions this episode.

We're working on an episode with some reporting I recently did on the road, and we will be joined, as I understand it, by, I guess I won't say yet, but a familiar voice from the past of this podcast for at least a few weeks or so.

Let's get to some questioning and some answering. And yes, I'm leaving the G's off the end of both those words and putting apostrophes just to keep it folksy. Who do we have? Texas really changed you,

Jack. First up, we have Brad from Michigan. Hi, Jack. Hi, Alexis. Brad from Michigan here. First time voice memoir, long time listener. Jack has

mentioned in a lot of episodes that the market seems frothy over the last few years and price

to earnings ratios aren't quite matching what the history of the S&P 500 or other U.S.

indexes have shown. My question is, in 2021, a lot of money was created.

This money all needed somewhere to go. Is it possible? There's a new normal, a new baseline for

price to earnings. Thank you, Brad. It's an excellent question.

If we say that the S&P 500 trades at, let's call it 25 times earnings, a little more than that

...