Good evening everyone and welcome. I'm honored to be here and to be talking to Ray, who I'm excited for this conversation.

You know, he's obviously, Natalie said all the great highlights, but it started in a two bedroom apartment, really, which I think we should go back to and hear about some of the highlights and grew into the biggest and most successful hedge fund in history

and changed the way investors do their job.

It shaped investments like risk parity and alpha overlay.

And there's too many things to talk about, Ray.

But take us back to the story of how you began and what some of the key milestones

as you think about

a lifetime achievement award along the way.

Well, I'm so glad you're asking because of my relationship with MFA.

So I started trading futures in 1968.

And for, I would say, something like 15 years, that's all I could do, you know?

And it allowed me, there were so many markets, the only reason I got into futures,

and what we might call the hedge fund business is because it had low margin requirements

and I could trade almost anything.

So it was part of the process of watching it go

from agricultural futures to financial futures

and all of that.

And the MFA was always so important in that.

And so the reason I'm here today,

more than anything, is because of the warm feelings that I have for the MFA in that industry.

But anyway, as you say, when I was a kid, I started to, I got hooked on markets when I was 12.

12.

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