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Welcome to the Risk Reversal podcast. This is a special one because the first time since

September of 2024, over a year ago, Luke Roman, the founder and president, Forrest for the

trees, is joining us. And I got to tell you, Luke, the timing could not be better. First of all, I apologize for not having you back. But the fact that you hear with us today, I think, is extraordinarily timely, given some of the things that are to go on. So welcome, Luke. Thanks for me back, guys. It's great to be here. No, and listen, if you're not following Luke on Twitter, reading his work, you're living life the wrong way because, you know, what I will tell you, the last time we spoke, and I remember this, there were so many concerns you had about some of these macro themes, yet you were very positive on the equity market, and that's where we sort of parted ways.

...