Bill Ackman

You did.

And in fact, I still very clearly remember, I think it was, uh, Bill Gross, uh, or someone, or, or Bill Ackman who told, who said- Uh, he bought during at that time, the long end.

Mm-hmm.

Think when, when long end is at five, you will have, uh, people coming in to buy.

Yeah.

Well, I think he and Bill Ackman just – I saw last week.

Did you see this? They are doing some kind of X-Fries for people who publish things or develop things that go against pre-established things in their field.

Oh, interesting.

Yes.

Oh, that's interesting.

Bill, Bill, by the way, Bill Ackman, another great example of somebody who's occasionally been publicly wrong, like funded an entire documentary about his incorrect short sale of Herbalife.

Right.

I think that's a depressed multiple.

And, you know, we talked about Ackman, or I'm not sure we talked about Ackman last time we spoke.

We did.

Yeah, yeah,

He joined our board, talking about CEO of Jefferies Asia and with all those relationships.

Ali Mahavjavi, who's Bill Ackman's partner for his global crypto fund with 200 blockchain investments, 600 LPs, nine degrees, youngest board of trustees in the history of board of Toronto.

He's on our board and we are his biggest investment.

It really is the inventor of DeFi, co-founder, the inventor of the stable coin is a co-founder.

And I've heard from a lot of bulls.

Bill Ackman, a prominent bull who, you know, he sold it in the doldrums of 2022 and he's back in now.

But I know people who followed it all the time.

I think a lot of bulls say, hey.

So I feel like that idea sparked a lot of conversations.

No, I could see that because especially with Universal this year, it's been so public and out in the open with Ackman's attempt to bring the company onto a US-based public stock exchange and his financial engineering for where he thought the value should be.

But it brought more of the challenges up to light.

And a lot of the questions that people have had specifically is Universal Music Group and Warner by extension, but are these the type of companies that want to operate like publicly traded companies in a way that Wall Street would want, whether you're setting yourself up for the type of quarterly growth that you had referred to.

Because he said New York— He threatened to leave.

He was going to leave because Mom Donnie was the mayor, and Bill Ackman just said the same thing.

I almost chose Bill Ackman

for this.

Well, he'll

We did have a lot of weird panels this year.

Bill Ackman was at Innovation Festival.

That's a big deal.

That's a big deal.