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I'm Tracy Allaway.

Tracy Allaway.

Tracy, you know what the funny thing is is that even though it's been an incredible year in the stock market I mean just

extraordinary by all accounts as everyone knows I feel like it's also probably been a

frustrating one for a lot of investors. Oh yeah for sure.

I mean first of all markets didn't really do what a lot of people I guess would would say

they should do rationally in the face of the biggest economic crisis in decades, but I feel like a lot of people just sort of missed

various turning points in the market as well and are very, very frustrated.

Absolutely, I mean, just super, super high levels of frustration. Also, even if you were along this market and sort of like generally bullish, the only way to have really won this year would be super concentration in tech stocks.

And I feel like if you were under exposed to like a handful of tech stocks, which we could count

on about two hands, then you're almost guaranteed to be sort of underperforming your

benchmark this year, whatever it is.

Yeah, I think that's absolutely true and of course we've been talking about for

years and years and years that the big tech stocks,

fang, whatever you want to call it, are potentially overvalued.

So it's doubly ironic that this year you would have underperformed

...