Weed It, Water It, HP 12C It.

The foggy cat

Greetings and welcome to Inside Baseball with Old Chestnut. I'm Liam Allen with my friend Morris Sacks. How you doing, MB? I'm doing great, except I thought we were supposed to open with possum.

Look dude, I don't like I I was in a panic, okay. This was an unannounced show. I had a couple minutes to get the thing together. I really had some nonsense, okay? It's just the biggest word salad like fish lyrics like what are we doing here the show notes say opener possum location studio a producer liam allen talent more sack wardrobe casual makeup audio only i'm just reading off the official list anyway i'm happy to continue as long as you are

No no no no no I'm content. Um you've already got complaints, we're a minute in. Off away we go. Um we're off to a good start. Uh good to see you. Good to see you, my friend. It's been 46 days. Um the coal has run out. And um I have returned from the woods of Maine with two sick kids. Dude, it's the never-ending winter. Sickness for twenty twenty five here uh on the east coast. You're okay, let me say this. My mother has been on my case about me keeping my sick

daughter home from school as if she's taking fucking AP calculus, okay? This is playtime. It's pre-K. And my mother's got smart comment I'm sorry, my mother's not. Listen. But like she's got smart comments like, oh, she's missed a lot of school. I'm like, yeah, she's got a hundred and four feet.

104 degree fever. Okay. She sounds like she's been hanging out in the casino for a month. She she's giving me shit about her missing class. Like School consists of like we're gonna walk around the farm and like finger paint snack time and then like I I'm like, dude, the kids have been Sorry doesn't fix the lamp. I know, I know. And then I and then I got I then I got real pushback when w I whatever. I need to st I I can't pick fights with my mother about

No, it's like fighting with your wife. You get more it'll be over quicker, it wouldn't hurt as much. Cut it. Uh should we light this camera? Go ahead, go ahead because I don't want to talk about the news. I don't want to talk about there's no news today. Okay, good. There's news, but it's all local non

Yeah. Uh non uh anyway. There's a ribbon cutting somewhere, okay. Yeah, the family is making a move, Carlo. We're going back east. Okay. Um, yeah. Um Old Chestnut has had some hip issues. So I haven't been riding my bike and we've decided we're gonna pull up stakes and move back east. And, uh, So um the end of the tour. Oh shirts are on sale. And uh yeah, but uh you know people have been asking me if I'm back. I've decided, yeah, I'm back.

What I mean by that, I think old chestnut and the rumors are true. There have been some. Some very broad brush, open-ended discussions about old chestnut getting back in the game. Details to follow, but you know I've uh I've been Jones and to get back in. Mm-hmm. I'm starting to have high level discussions with some early potential business partners. So Okay. Yeah. So I'm excited about that. And uh yeah. Yeah. How's the commercial real estate thing going? It's all about the tenure rate.

Okay. And who's in charge of the tenure rate? Is it Jay Powell or is it Elon Musk? I saw something about Elon Musk. I mean I I haven't really followed the news'cause I think that was from the Bank of America. I let me get my let me get my story straight. But I b I believe the comment from Bank of America, this is sourced from Zero Hedge. Um, but I believe Bank of America's statement. Okay, this is from Zero Hedge, so try I mean Zero Hedge Tw Twitter, this is as good as it gets folks.

Powell still controls the short end, but Musk now controls the long end of the year c yield curve. I I I understand that. You know, if he can get government spend well, he won't get governor spending. under or under control. It's like getting drunken sailors not to spend money. But if he can get some efficiencies, yeah, I think the long end would would rip. Yeah. That's a mighty big if. But You know, if anyone's gonna give it get it down, it's a guy like Mus who just doesn't give a fuck. Yeah.

Although that quote Morris, no one gives less of a fuck than Morris X. It might be Elon Musk. But yeah, I I could see that. I could see that. You know, it takes a guy like that who just doesn't care, has huge means. and his own security to to make a difference. So that would be interesting. Yeah. If we get tenure rates down fifty, a hundred basis points, he would be raining money over here. Okay. Wow.

Yeah, it's been interesting. Um all right. Well yeah, I just thought that comment was good. I you know, I appreciate your insight. No, I'm glad that glad to have you. Um the tenure rate has come down a bit. It's you know Some of my interest rate whisperers had told me to expect much higher long in rates and That's the thing that's kinda troubled me'cause the cr C R. E. is just tied into that, right? But uh

You know, we'll see what happens, you know. Okay. All right. So anyway, um what I want to talk about today if it's okay with you is since since Carlo the family's moving back east. I thought I'd sit down with some of the local kids and just have a little chat with them and and so I was over at the Dexter Light Club.

And uh we were talking about retirement. And you know how I like to to talk about stuff with younger people. And a lot of them express concern. It's like, you know, uh it's hard to make ends meet and you know i'm worried about my future what do i do with my money and i said you know This would be a good time to maybe talk about some of those things.

And two things. Um not just that, but one of the things we used to do quite regularly at that uh success successful enterprise known as Grunch Capital would be, you know, one just Once we put a trade on, that wasn't it. We didn't just walk away. Not only we constantly monitor it and and

you know, weed it and water it, we would look at where it was and how it was behaving for that time in the cycle. So did you think we didn't water it? Yeah, you know, so if you had some two year notes and they looked a little Rich to the four-year note, you might sell them and buy the four-year note. And you know, when you have people like Edward George Fisher the Third, who was really the quickest set of hands. in the West, you'd swap that stuff back and forth. You could pick up a plus

which is, you know, a hundred and fifty six dollars and twenty five cents per million or a quarter, you know. And you know, you do that ten thousand times, sooner or later it adds up to real money. And uh So futures were always a good example'cause to me futures operated in 90-day cycles, DSF, March, April, May, June. So by 45 days, you would traditionally look at the open interest and you'd see where you were on the glide path.

And if you owned a lot of futures and the open interest was still really huge, you try and understand if something had changed, maybe the trade was gonna accelerate, maybe you wanted to add, maybe there's something wrong, maybe you want to lighten up. But we would constantly revisit these things so that way you didn't have that

wasted balance sheet or you didn't have those sleepy trades that blew up and you know it you know, always vigilant, right? And that that's why we didn't get caught in a lot of these blow up things. And I think that's something most guys they put on a trade, they get comfortable, they leave it on up some money, and then it starts leaking.

Yeah, I'm up 20 million. Uh, you know, when it gets up to 15, I'll do and then next thing you know, it's back to cost. Next thing you know, you're down money. And so you have to constantly manage these things. So I thought having been a proponent of talking about retirement for a long time, it would be a good time for me to go back and do a little self review. And I went through and revisited you know, my assumptions.

my assets, my earning put, you know, all those things. And it was a little bit of a surprise. Not like I got any trouble, but you know, you get out there with the jeweler screwdriver and the straight edge razor blade. you slice some fat, you know. And yeah, so I did a bunch of that, but it it kind of coincided with this talk to the younger people about um investing. And so I think If you're a younger person and You're really determined to

To give yourself the best chance of success, or as life coach Leslie Henson. Success is right through that door. You just gotta walk through. Don't put any furniture in the Just walk through, right? And if you follow these tips, I'm not guaranteeing you success, but I think you really increase the chance of success. So as they said in uh in um that famous book, We Proceed.

What you're going to need to do is kind of commit a few hours, put in a little elbow grease. And it's all pretty simple. It's all available on the internet. So you can't complain it's too expensive. You just can you know stare in the mirror and say, I didn't work hard enough. So The go-to thing for me has always been this calculator known as the Hewlett 12C.

Now you can buy one for like seventy bucks. I have, as you've seen, dozens of these things, right? But all of this information is available, I'm sure, Either some website or whatever for free. Bankr bankrate dot com will do it for you for free. You plug in your how old you are, your annual salary, how much it goes up, when you want to retire, and it gives you a number. Doom, done. Thirty Okay. Well let's look under the hood, right?

Because it's always better to understand how the motor works, so something goes wrong, right? Because you want to make mid-course corrections along the way. So just kicking the ball, uh teen off is the first And foremost thing of importance is turn the map around, right? Decide, sit down with you and your significant other. Where do you want to end up? Yeah, do you want family? Do you want a house? Do you want to stop working? You know, whatever. But until you have a meeting of the minds.

you're gonna make no progress because the hardest part for people is consumption, myself included. Like we spend money like drunken sailors. And You know, I'm I'm not really proud of that, but I'm I'm just w being trying to be realistic. So be realistic, realistic about your goals, okay? Once you've come down to that and figure out a household budget, what you can set aside, you know, and then I would look to begin this process.

The best investments I made were things where I was committed to making an annual payment. Life insurance was one. A lot of people, it's a house payment because you don't pay the mortgage. They take your house, right? And over time, you're compounding tax deferred. income streams. And so that's why this HP 12C is so important to me because people don't understand the power of this compound interest. So what you do is Get out your compound calculator and

These are the buttons you really need to understand. The first one is N. That's basically the compounding periods between now and when you plan on retiring. Or another way of looking at it would be if you had a 30-year mortgage, it'd be thirty months times twelve months, there'll be thirty-six periods. So figure out what your compounding period is. Then Look at how much you can put in monthly. Let's say it's 20 bucks. So you put$20 in payment.

You take your savings today, you put it in present value. And then once those things are right, you hit Ed V, and that'll tell you how much. money you'll have at the end of those payments. But it works backwards too. So if you determine you need 200 grand when you want to retire, the future value would be 200 grand.

And you know what the payment is. Well let's leave that. You know what you have in present value. Interest rate, that's the big one because that thing is gonna swing this thing all over the place. Now

There's a book out there, I don't recommend buying it because it's expensive and the data is all available, but it's called Ibotson. And you can go in there or the net. And it'll give you the long term rate of return on all sorts of asset classes. I believe if you looked at the equity returns over the last 20 years, the average compound annual growth rate would be something like 8%. So if you plug that in interest rate. And you may your monthly payments to a low fee

mutual fund. I won't make ma mention any names, but like a Fidelity Vanguard. Vanguard, whatever. You're gonna know roughly what you should have at the end of Now, the best thing would be to get it in some kind of tax deferred account, right? Now even if you can't If you I think it mo now Talk to your tax advisor, but basically if you leave the money in there except for Internal trading, there shouldn't be any taxable income in there. And at the end of the period of time when you need the money.

When you take it out, if it works, you're gonna have capital gain taxes to pay. But you should include that in your ending valuation. Okay. Now, I believe there's this notion that over 20-year periods of time, Doesn't matter when you put the money in or when you took it out, you always got eight percent. Yeah, yeah. I don't know whether that's right or not. We make no

representations, but I think that's conventional wisdom. And if you go and look at that, it might actually be true. But I don't wanna I don't wanna give investment advice. But they have these same sorts of things for fixed income. I know the 10-year note, or I believe the 10-year note, has just come out of a 10-year period for the first time in 10 years that it hasn't averaged 10%. And again, you need to do your own research, but you know, if let's say you decide

$210,000 to retire. And you cut it up into threes. You put a third in equities, a third in one of these bond things. And then you just sit back. You know, make your lunch, take it to work. Don't take any big long um vacations. You know, if you get a gym membership, use it, that kind of thing. And then Just kind of sit back and let the miracle of compound interest do its thing. And that's that's pretty straightforward. So where's the effort on your part? Number one.

Curb your spending. Number two, learn how to use these compound interest numbers on the HP 12C. I'm gonna say for a minute, I probably didn't do a great job explaining it, but you know, there's plenty of resources on the web like Investopedia and just get that discount. Cash flow. calculator page up and just fart around with it till you understand it. That's what I did. I sat in my fraternity house, played with this calculator till I figured out, you know, like for instance, let me see if I can

I know I don't like doing this. Well, let's say you take in$250,000, let's take a small number,$25,000 a month for 30 years. And eight percent. You got no money today. In 30 years, you're gonna have$800,$11,600. That's with the payment of what I say,$250,000. That sounds too high. Yeah, it's a good thing. So fuck this up. So let's just scrap these numbers. Go do it on your own.

Interest rate, number periods, how much more website. I want to say you have that equation on the website somewhere. I'll I'll I'll I'll verify that, but you might be able to go on IBW. Because this is this is uh this is uh Book one, chapter one, psalm one of MB's Guide. Like you, I can remember sitting at the restaurant in Armonk with you ten years ago and doing this by hand on a pen and

Look, this is your favorite. This is this is the Oh easy. This is the Ambergrist. And if you don't know what that is, look that up. But It it shocked me. And I first discovered this when I was young, because we had these zero coupon things. And you can get like a million bucks of principal for like 200 grand. I'm like, how can that fucking be? It's because

You put the money up front and the dividends were reinvented or the coupon streams were reinvested. So you got that locked-in compounding. But I remember when my father passed away, my mother got some life insurance. And we bought a bunch of hai coupon bonds. And when the div the when the income would come in, she'd spend it. And next thing you know, the fourteen's and eleven that traded at two hundred were now at one twenty.

And the money was gone, right? That was my first lesson of accretion of premium. So listen. If you put your back into this You know, it's like doing crunches. It's never a waste of time. I I don't do them, but you know, um anyway. have no clue um that that have never touched an an HP 12 C. You can either get one off of eBay, um, because you should have.

It it should be it's a mandatory tool in your belt. Um and if you can't get one off of eBay then get one on your phone and and l it's the f it's the financial calculator. It's just it's a fat fantastic tool for It makes you know what, it can make pigs fly. So I remember when you gave uh you gave me one of yours. When you when you handed me one of yours, I felt I was being like a made mafia guy. It was a very

You were I was kinda hoping to get that back one day, but that's okay. Well now that I know you got a dozen of them, I'm gonna keep it and give it to my kid. Um Give it to Iman. Yeah, Eman. It's Eamon. Okay. I'm sorry. I'm sorry. Proceed.

Yeah. Anyway, that's what I got to say about that. And uh yeah, so I'm sorry to have been a little quiet. By the way, if if we miss a podcast here or there. Please people, don't go apoplecting. Oh, we we set the bar high, cranking'em every week for years, and now it becomes like they're they'll be happy with like a fish show at this rate, okay?

Dude folks, in the dog days of the grayest winter here, okay? And it went when my kids were like zero and two, I could vanish for ninety minutes, two hours, no big deal, okay? When I've got a five and a a five five year old girl and a two year old, okay, and it's February, it's like 13 degrees. Okay, so the kids are in and it like when they were zero and two, it was cool. When it's five and two and I can hear like Banshee shrieking um and a door slam, it

It's hard to concentrate on the two years. It's tough. I I I away lie awake at bed worried about our friend down under Rupert. Like I know his Monday morning walks aren't the same without us and so I You know, I feel like an obligation. I know, dude. I got I got a good laugh. I I really laughed um when I woke up one morning this week and there was a text from you at four thirty seven.

ask and it just said podcast this weekend and I said I finally have an answer to what keeps Morris up at night. I was like the show. It's the show which really warmed my heart. And made me really proud of this thing of ours, okay? Because I said, all right, at four thirty in the morning, like sometimes I wake up and I'm like Uh is everything okay with the kids? Like are the kids alive? No. M M B's thinking about the show. This is a good good genuinely enjoy doing this thing. Yeah.

You know, I'm conflicted'cause, you know, both genetically and competitively, I feel like we're giving away good value for free. But, you know, it's paying it forward. Yeah, right. Exactly. Uh And I did have this moment of clarity where I I was talking to Cheryl and the webmistress, and I'm like, I think I'm ready to start trading again. What, with your own money? No, I don't want to trade my own money. Why?

Because it changes the dynamic. I don't want to lose any money. They're like, you could never work for anyone. Why would you say that? You haven't had a boss pretty much your whole life. Like, I can do it. No, you can't. Like, why are you disagreeing with me? Why don't you just make money with our money? Maybe you would thrive with some like maybe you get some kid like like a y like a younger version of Eeeey that just lights you up and gives you a little bit of ga guardrails, puts you in

You know, a nice office, lets you do what you want, doesn't bother you. I have a very clear idea of how I want this to go. I've sent out a couple of highly encrypted emails. I'm waiting to hear back. Um it's more a question not of if but it's how and when, meaning do I want to do it? Using private capital. Or do I want to do it in a more inf formal infrastructure? And I have a very clear idea of how I want that to go. So I'm just waiting to hear back. And then uh

You know, we'll light this candle. But I think in a perfect world. we'd be working with some old friends probably bringing in some new friends because i have some ideas and uh um yeah and you also have some friends with a capital f So that's uh that's very exciting. I didn't uh sounds like uh things are the wheels are in motion. Well I you know, I sent up a few flares and I'm hoping they get a few calls, so I understand. But you know, I don't know what that's gonna do with our non-compete.

Um And our contract with MOC. Right. Well, you can come on and talk your book. You have an hour to talk your book now. So that like everybody like everybody else that runs a fund, you you have a platform where you can discuss I'm old school. We don't talk about our trades. Okay. But uh I find it intellectually stimulating to think about these things. And uh you know, um I was thinking about this guy from one of my old firms, and this guy was so deep in his own fucking arrogance of.

thinking. I'd been sitting in a meeting and I would say, I wonder how many times you gotta say turn premium before he he shoots his load in his pants. And I came up with Number of trading days in the month divided by the square root of two. Incredible. Yeah. So uh yeah. Um

Sorry to be leaving Arizona, but it's time, you know? It's like we got all our friends and Dude, you've been gone forever. When did you like when have you when's the last time you were home? I don't know, there's no place like December or something? Like I haven't seen you in months. Like it feels like you've been gone forever. Um dude I go to Maine for a week and I'm like, I I gotta get home. I can't imagine how you f you must feel about like getting back to to the to the Compound arm.

But yeah, it's uh I mean you really on the other hand, you really haven't missed anything except for this drag, you know, dreary gray weather at home. I love this idea of selling citizenships for like five million bucks. You love it? Love it. Love it. Dude, sci what what's the downside? Show give me the downside. Nothing. The best they pay five, the second they behave, you put'em on a C one hundred thirty, you head to the desert, you throw'em out the back of the thing and say

Bring but bring another five. Dude, I don't don't start because the people with T D S like you touch the third rail. There's our now that you now you got people that are foaming at the bude the Do you feel what is Arizona like? What is the vibe out there? Is that Trump country or is that uh what is that? It's heavy Republican. Everyone here's got guns. Okay. Yeah, yeah, yeah. Yeah.

Um I didn't mean to upset anyone. It just seems to me like a lot of countries do it. And I didn't know I didn't know I didn't know you could buy your way into a lot of places. I guess I I looked at buying a citizenship to New Zealand. But we decided we wouldn't use it and it was too much money. But Canada will sell you. Uh I believe, I believe.

And uh why wouldn't you? Yeah, why wouldn't ya? Yeah, exactly. Like the math when they did the math, they were like, Okay, well if you get X amount, you're gonna get X amount of dollars and you can like wipe out the national debt or whatever, you know. I you can withdraw it at any time. And if they behave badly. Exit stage left. Yeah, yeah, yeah, yeah, no, I know. So a bunch of pack brats roll into Lamborghini.

And they they buy twenty thousand Glam you know, great, everybody wins. Yeah. Again, you behave badly, adios. Yeah. Dude, I don't I I don't disagree. Um because Yeah, the immigration thing is Steve Cohen of uh you know, whatever, point seventy two or something. He noted in his little statement, he had a three sentence statement that was like tariff? And decreasing immigration and making immigration hard. Um, because dude, you remember when he f when Trump his first presidency

There was people that were like, Oh, he's gonna build the wall, you know. But now he's like, you know, rounding them up and sending'em back. There's a genuine like fear in the illegal alien community of getting shipped home. And I think dude it or you're only in the beginning. In like four or five, six months, if you can't staff, hotels, construction, every every rung of the ladder that the that those people work, that drags down business. Period, stop.

Uh when I remember being a developer, you had these H one hundred twelve B guys. That was like Mana from heaven. That was like a great So I you know, I understand There could be a huge political pushback. This is not a political show. But seems to me it's a very good risk reward. Yeah. Yeah. Interesting. Um, let me ask you a question. These guys that you're talking to at the club, are when you say they're younger guys, are they twenty, forty?

Yeah. Yeah. Okay. Yeah. That's just you know, that's just who's in there. Yeah, yeah. That's interesting. Okay. Yeah. All right. Well well what else? Um I'm I'm glad that you thought that the gold card was a good idea because I didn't you know people just You know, I was like w who came comes up with this stuff? There's been some wonky stuff, obviously. And again, I know that you're that Cheryl is gonna guard those national parks. Come heller high water, okay?

Um, so I know that there's both sides. Like you have like I I've told everyone that's asked me about it, I think I said on the show about double Okay, if you ca if you cannot if you have not mastered the art of double think by the time you're an adult in the in the year twenty twenty five, you're gonna have a tough time making decisions, okay?

You gotta be able to hold two thoughts in your head at one time. It's i it's in if not three at this point. It's totally imperative to be able to s you know it's but dude, the div I've never seen such divisiveness, um, such a divided, hostile, fraught country where you can't get people together, you know. Um that's the thing. Just'cause you think a guy's dope doesn't mean it might not have a kernel of wisdom there. Yeah. Why be stubborn?

Dude, I like, you know, I like that this I don't know, I like it, but I like that they float the idea and I don't know, I I I'd have to think about it, but DeSantis said that they were gonna get rid of property tax in Florida, okay? So we were like, Yeah, we'll get rid of property tax, okay? Dude, imagine the influx to Florida off of that headline alone, okay? Yeah, I got news for you. Now that I'm getting older my hip hurts.

That flat Florida doesn't sound too bad. Dude, let me tell you something. I saw the funniest thing this week. It was like, give me something that's classy when you're rich and trashy when you're poor and and the the answer is Florida. Okay, so Dude, you enough time if you could come home and and you can, you have the you have the the the the means to to tra to traffic between Florida and Greenwich.

Dude, I would highly recommend somewhere down like in the you know not even like West Palm, but like Delray Beach, dude, Deerfield Beach, Boca. You know, everything's one story. There's no stairs. Okay.

Have a little corner when I get tired to rest my head and Dude, I don't know why I get these pop-ups um in my social medias for they're essentially it's it's essentially a a glorified shit. And they want you to put your parents in the shed in the backyard. But like in your backyard, it would totally look like size appropriate. You'd never know. You'd be like, oh, he's got his lawnmower and whatever else out there. Maybe to that point you and Amy can come to my house.

I was like, if I'm the parents, I love this. I was like, I got my clubhouse in the back. I can walk over to the compound when I need something if I don't want to bother them. I remember when they were selling that thing.

I thought it was the stupidest thing, you know, that but this is the guy who thought when they sold YouTube they paid way too much for it. Dude, they better not ruin YouTube. I saw I was thinking of bringing up YouTube. YouTube YouTube Anyway, I don't want to get into it, but YouTube is a fascinating study in like It had every they became they were the leader in free TV and free videos.

And if you wanted it like I have videos of me snowmobiling from fifteen years ago in Colorado that'll be there forever. And I'm the gimbals. I got gimbals. I got Wednesday night ride on my little channel tucked away that's there forever. But the problem was YouTube wouldn't let you listen to music. You could watch a you could watch a fish video, but you couldn't put your phone in your pocket and keep it running.

And they talked about how like they delayed that feature by a couple of years and they would have been bigger than Spotify if they hadn't done it's just a fascinating um little insight into uh into yeast. I I offer this up. If we get enough comments. about the buttons on the HP twelve C. I'd be willing next week. to kind of do it again if people are interested. I I'm not eager to do it, but if people really want me to work through some examples, I'll put my back into it and do a little prep.

But uh I do think frankly you'll get more out of it if you just sit and do it until you get it right. But I remember having young people like yourself and I showed them, you know, monthly payment. And what it turned out to be over the years, the shock and disbelief in their face. It's like, how can that be? It's just that's just the accrued interest or compound. Anyway. Old Chestnut's getting tired. We got enough to put in a can.

Yeah, absolutely. Um, I'll be looking forward to you uh to getting home. Um what else you got? That's it. You're uh you're coming home. The the house in in Arizona is goodbye. Um what else you got? It's on the market. We had a rapper asked to uh rent it for like two weeks. No way. It's like from that that movie. Um uh That's it. I'd like to rent the the the uh helicopter. Not for rent.

How much is it to buy two million dollars? How much is it to rent two million dollars? Amazing, dude. Um you can't uh all right, well I'll I'll I'll I'll annoy you about who it was offline. But dude, um H B twelve C there's an app on your iPhone. HP twelve C app on the iPhone. And uh and yeah, it's it's totally the the tool that is the b the basic. It's your hammer. If you're a carpenter, if your hammer, the HP

And all the old timers, those old timers that know their way around him, that can work that thing like a video game, I mean, you know what he's talking about. That's you guys have a lot of. but it's just You just do it eight or ten times until you figure out how to make it work. Yeah. Yeah. It's a tool because it opens up your thinking to things like

What's for a price, right? That's a big deal because it it invests your it really affects your investment decision making. Like why would I something for a hundred bucks today if I think it's been worth You know, a hundred and fifty bucks in a year. Yeah.

Right. You know you start thinking about things in the forward term and Like I said, if you want me to do another loop on this thing, I will, but I do honestly believe you're gonna get more out of it if you, you know, put down the chicken fingers. Right. Yeah. Yeah. All right, dude. Um I'll see I'll I'll see you soon. I appreciate you checking in. Um

And yeah, listeners, uh, calm down. Okay. We just took a couple of weeks off, all right. I told you I was going to the woods of Maine with the kids, all right, and it was snowing, it was beautiful up there and I'm in no rush to I think the exciting new is old chestnut is

Yeah. All right. So uh let's not let's not get ahead of ourselves. All right. Let's not gutcher it. Let's take this slowly and we're and like I tell my kids, we're gonna do this in an organized manner, okay, or in organized fashion. Great to see you. Thanks for listening. Missed everybody. Yeah, yeah. All right. Goodbye. Thank you.