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And now to today's episode.

What do Elon Musk, Nikki Mouse, and MGM resorts have in common?

Three ideas.

Welcome back to another edition of Three Ideas.

I'm Samuel Burke, managing editor at Real Vision.

Join today by Ross Gerber, who's the president and chief executive of Gerber Kawasaki.

Now, I know a lot of people see you everywhere, Ross.

They've heard about you and Elon Musk, but we're going to move beyond those headlines

and really get into some deeper ideas that you have, including around Tesla, Mickey

Mouse and MGM resorts.

But first, just give us your macro thesis as a way to just give us a backdrop for the

ideas that we're going to talk about today.

Well, I think the main concept is where are we in the business cycle?

So we've last year dealt with a massive revaluation of all assets as the Federal Reserve raised

rates from zero to four and a half percent, which was one of the quickest rate increases

in American history.

And it created a lot of dislocation, but it was predicated on under tightening for not

...