Somebody's right. What about stocks? What about gold? I will give you no recommendation about gold. Gold is something I've never understood beyond the fact that it's a psychological phenomenon. So I don't give advice on things which I don't consider an investment. And gold can act as a hedge, there's no doubt about it in some circumstances, but not necessarily reliably. And I wouldn't call it an investment so I won't give you advice on it.

But stocks, I also don't give advice on stocks except generic. So I'm not going to tell you buy this stock, buy this, buy that. It does seem to be that there's some kind of realignment happening in the world. I have a broad index. I would expect a third of my stocks to really suck for a long time. But did I mention Amazon is hiring a hundred thousand people? Right, so there are other companies that will grow like crazy and it will at least partially offset some of the ones that are gonna shrink. So this is just a general statement, not advice. Diversified portfolios have never lost. Never. If you get to bet on something, bet on something that's never lost. What's the record? You know how long is this unbroken record of a diversified portfolio never losing? No, when I say never I mean over any ten-year period. In any given year you could have a year like this. But if you just hold on you would be in an asset class, since the beginning of the asset class, I am not a historian enough to know when was the first stock issued, but never, never, nobody's ever lost money in the stock market if they were willing to hold it ten years or whatever.

Now I think this is going to be far less than a ten-year problem because your ten-year slumps in the economy have more of a reason. You know there's something about the world that's not quite working. Whereas that's not the case. The moment this virus is under control, all of our assets, all of our people, boom, we just slide them back in and start cranking. So I've said this before but whenever the recovery starts, and that's the part you know I'm not gonna make a prediction about that, but whatever happens the recovery is going to be frickin' awesome. It will be a recovery like nobody's ever seen. So there will be records set on the upside, at least percentage-wise. Not, you know I don't know how long it'll take to get back to where we were, but there will be records set. It'll happen pretty quickly. It'll probably happen about the time you start seeing good news about the virus rate going down. That's probably premature and I say that only because we expect the flu has a good chance of having a double hump. Gets bad, might be better in the summer, might not. And that might get worse in the winter, might not. A lot of unknowns.