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Welcome to the Systematic Investor Series.

Welcome and welcome back to this week's edition of the systematic investor series with Mark Recibsinski and I, Neil's Castor Blasen,

where each week we take the pulse of the global market through the lens of a rules-based investor.

Mark, wonderful to be back with you this week.

How are you doing? Good. Always good to see you, too. Mark, wonderful to be back with you this week. How are you doing?

Good. Always good to see you, too. So we're in August, which is supposed to be a vacation month. But I don't know if August has always turned out to be a vacation. There seems as though

we're always getting hit with August surprises. I was having a discussion with some of my colleagues, and they said, like, well, we don't know whether August is going to be slow. And then someone else said, well, some people say, like, you should, you know, sell in May and wait until October. And then others have said, like, well, you never want to trade October, and then you don't want to trade December.

And the next thing you know, we came up with the reasons why we shouldn't be trading it

for at least nine to ten months out of 12.

So there never is a good or bad time for trading.

So we're vacations.

Well, okay, fair enough.

You know, of course, that historically, and this is very interesting,

completely off the topic, but now that you bring it up, just speaking about trading, right,

or whether you should trade or whether you should just invest and invest for the long term,

I don't know if you're aware of this,. I'm not sure whether this is something that is

also a rule in, in the US. But in Europe at least, if you are, I think if you're a broker,

you have to disclose the percentage of your clients that lose money on their accounts. And you have to disclose that on your website.

And I came across this point,

listening to a podcast and reading a book recently,

...