joining us is david rolfe, wedgwood partners cio.vid, you are significant investors in a number of those stocks, apple, meta, some of the others that we've seen the valuation compression that's gone on for 11 months now since the nasdaq peaked. now a lot of scrutiny on whether these companies, you know, maybe are not productive enough. they're going to have to do some cost cutting you have a shareholder going at meta management saying they should really trim back on investments. where do you see things? is this just a valuation adjustment or is there a little more in terms of reckoning from the businesses here? >> i think there's a reckoning let's face it, mike. in this letter, i think he made a really good point that you could probably talking to more than a few companies in silicon valley zeroing interest rates, a booming market there's a lot of o'hihiring, a of really neat stuff going on in r a r&d. it's time to trim the fat in these organizations. it involves people maybe most of your listeners are waiting for a powell pivot, i'm