So this is current Neil Grant's interest rate observer of the air. I'm Jim Grant. And with me, as always, is the great deputy editor of grants. Evan Lorenz. Henry French is at the control panel. And with us today is a guest named Dev Catasaria.

And by the time we are finished, you will be as amazed as we at Dev's singular career paths.

Now, Evan, if you were the recipient of a BS degree from the Massachusetts Institute of Technology

went on to the Harvard Medical School.

What do you think you'd be doing for a living long about now?

I'd probably rest my reasons to be a doctor.

Yeah, but that is not the route that Dev Kandisera has chosen.

He's in the buy, low, and cell high field, evident, although I don't see much.

Actually, Dev is, I will find out more,

but I think he's a bundle of paradoxes. For instance, he runs a hedge fund, as it says, on the label,

which apparently is unhedged. He has a business that is named Valley Forge, but which nonetheless is based in Florida.

I suppose, though, if George Washington had the same tax structure, he would have his army

based in Florida, right?

Better weather, too.

Yeah.

And so hedge funds proverbially are pretty busy enterprises.

You know, they buy, sell, they hedge, they

a derivative. Dev has eight or is it one position, I think is right, is eight or ten or

12, no more than 20. And what his firm does for hockey tickets from the brokers, I don't know

because he sits with them

and Evan get this. They go up and up and up. And the, they've got his start in the unprosperous

year of 1907, soon become much more unprosperous. But with that far too brief introduction,

...