Can we just talk about the vaccine? I love the vaccine and I obviously love it for the reason that you love it which is that it's going to save

Maybe millions of lives maybe, but of so of course we all love it for that reason but here's why I really

really love it it's just revealed the truth about investing in such a crystallizing precise and perfect way that I don't think there

will be a better teaching tool for investors about this one specific concept to come along in a very long time.

Like this is it.

So let me lay it out for you.

And I was listening to Michael Batnik on Animal Spirits with Michael and Ben this morning and Mike was getting

into this a little bit. Do you understand that the vaccine announcement

came at an all-time high? Do you understand that? So it's not like, oh no, the

virus, it's raging and it's a pandemic and everything shut down and what do we do and then the market

falls and falls and falls and falls and then at an all-time low you get a vaccine and then the market rebounds.

Nope, that's not how it works.

This isn't a fucking Disney movie.

So we talk to investors all the time and like this is

like seven years of this. Thousands of people have reached out to the firm and

one of the things that we hear all the time from

very bright, incredible people who have accomplished so much in their lives, people who have

started businesses, invented things, you know, attorneys, doctors,

scientists, engineers, extremely accomplished people, but it doesn't matter matter we always hear the same thing

which is was two things the first why people don't invest and there's always two things

and the first thing is based on whatever the market just did. So in 2014 we were hearing

from people who said, well stocks just went up 30% in 2013 and the market is now at all-time highs. I can't

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