But when you see people achieving success on television, it looks like it's easy, but it isn't.

Yeah, it's well, what is it? Somebody said it's 10% inspiration, 90% perspiration.

So yeah, it's a funny world out there that people have this unrealistic view of how to become a millionaire sort of thing.

But you're right.

I advocate for the trades and a program I've created.

It's called a seven module leadership training program specifically for parents and high school teenagers.

And the whole idea is to advocate for the trades, but also to advocate how you can get a higher education.

But I find that a lot of the information that's designated that way is really more generic than it's for anyone who needs it.

Is that true?

It could be because, you know, this increasing, never ending focus on health and better dieting and consumers of alcohol, for instance, you know, that has been more in the spotlight than ever.

We've seen that increase over time, of course.

But the other thing we have to remember is some of these are not these trends or the statements that we make about our health in what we consume, sometimes they're not scientifically actually valid.

So a lot of this is hearsay.

And I'm sure you remember, I mean, people joke about, well, should you have one cup of coffee a day because that helps your brain or does now coffee destroy your brain cells? So you have to take that with a, with the source that gives it to you, which sometimes is not that accurate.

And so I kind of put that in the category, too, of alcohol.

All right, Peter, before I let you go and maybe get to some of those festivities, you got a pick in this group that you like the best?

What has surprised you about that? I mean, how would you characterize that trade right now and just the bifurcation we're seeing?

Yes, and I would replace for my reaction, not necessarily surprised, but I was very pleased that the narrative shifted because for some time now, at least a year, I have been a bear on the CapEx spending for AI.

And so I'm somewhat relieved that everybody else is not jumping on that bandwagon totally the way I am, but at least they're opening the door to let us know that they are starting to ask is this capex ever ever going to produce profits and i think that is a very very healthy thing so the enthusiasm before that was really off the charts and i actually thought it was irrational when you really study the science the science behind artificial intelligence i think you come up with a more tempered outlook than most bulls have had over the past two years

Just talk us through that.

Absolutely.

So what is surprising me, though, is the incredible volatility of the Euro defense, the ADRs that were holding the portfolio.

I mean, these things have shifted in a day, you know, five, six, seven percent trades up or down within weeks, frankly.

And that surprises us because the narrative really hasn't changed that much.

So what have we got to hear in that guidance in the commentary, do you think?

Well, ideally, what we would like to hear is that they think that beer sales have bottomed and that they're starting to see inventories thin out and that there's no glut of inventory and that the consumer, in terms of their sentiment for consumption of alcohol, might be turning from its low.

But that's a tall order.

And I really don't expect any of that today.

I expect that there will be another fairly poor quarter.

and that they will have a wait and see, talking about the consumer, saying that the consumer hasn't really recovered yet.

And on top of that, I think it will be very difficult for them to pivot to another strategy.

I'm just wondering, you know, does that have any impact, you know, as far as promotional activity, et cetera, marketing around that?