Hello, this is Jack How. The Barron Streetwise Podcast is on vacation this week. I know. I'm as outraged as you are.

But I was thinking we'd answer a couple of listener questions. No

guest, no overarching theme. Our audio producer Metas here, Meta, what do you think of

that idea? I think that sounds great.

I should note that we're recording this while the results of the U.S. election are still being tallied,

so by the time you hear this, you might be delighted, you might be distraught, you might be day drinking.

Think of this not quite episode of the podcast is something to distract you,

maybe even inform you while keeping your drinking hands free.

No matter what's our first question.

It's from Alex who lives in Michigan.

Okay, let's hear it.

Hi, Jack, thank you for choosing my question.

I really enjoy your expertise and met his patience with your jokes.

Hang on, let me do some quick arithmetic on where that leaves me, Alex. You start it off with something nice about me

but then it transitioned to a backhanded compliment and if I'm not mistaken

Meta got the compliment and I got the back hand. I think that gets me back to square. It's not bad. Please continue Alex.

I find your episode on private equity very interesting and I'd like to know if you think buying shares of business development companies offer small investors a good substitute for large private equity funds.

Are BDCs in alternative investment or are they just finance company shares in Halloween costumes?

Thanks.

Thank you, Alex.

BDC stands for Business Development Company.

It's a type of financing company that's designed to spur investment in small businesses.

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