And this is sort of like the Peter Lynch argument. I increasingly think Peter Lynch was just like kind of a genius about this. Um uh which is that like yeah, when you're a professional manager, uh by and large, you have all these mandates, you're running a business, you have customers that you need to keep happy. It's actually I think it's more difficult for the professional money manager to beat the market than like the average amateur. Like how many people do you know who like bought Bitcoin and and and did really well or bought They bought a Tesla and then they bought the Tesla stock or they bought an Apple computer and they bought the Apple stock. And you can't run a hedge fund
Like how many people do you know who like bought Bitcoin and and and did really well or bought They bought a Tesla and then they bought the Tesla stock or they bought an Apple computer and they bought the Apple stock.