Avsnitt 571 - Gretzky trading

0:00Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. We're going to have a good time. We're going to have a party. I'll see you next time.

0:45It's not why it was going up. What was the question about? It was Trump's conference conference. Yes, he said nothing new there. No, but he... Bush's going up. Yes, but he... He fell in the air of military reports about that it has gone well. How has the week been? Have you had a good or bad week the last seven days? Man has had a little bit of a company that has come up. Man har haft några oljebolag som kommit upp De har inte alls kommit upp som oljespotpriset har Så det ska vi prata om Vad som kan ligga bakom det Men Jag nämnde det Jag har kort inför måndag stängde det Sen har vi sålt Lite bolag Som jag har pratat om innan Occidental Petroleum Amerikansk bolag passade på att sälja igår direkt När jag såg att Trump skulle hålla presskonferens Så kände jag Vi skickar den I had a type of min break even So I felt like it was a good It looked like a good affair It's very good We'll come in on it I'm sure it's in the episode But you have a high cash You have to hold a little bit of a right in the eye I've done a small affair index And it's very riskable Yeah, you've got to buy a lot of companies I guess in all of a sudden Because today you notice that some companies Are a lot of companies that don't have been Mycket är Kinnevik som vi ska prata om Det var ute i en blanka rapport igår Jag tänkte vi kunde prata lite Gambling, dataspel och tobak Som i alla fall har Varit väldigt stabilt i den här Krigsoron Sen Klanas Lockup går ut, du är alltid Klanabull Så du får väl dra ditt case där Sen är det lite emissioner Det kan ju vara lite Stökigt att göra emissioner Just nu, men jag tänkte nämna Några som gör nu, så får man se vad man Think and think about them And then we will talk about Olja and oljebolag And how we play this When it's a lot It will be a lot of macro today And geopolitics Porschery here Some extra Ditt alter ego For to draw Dina spaning We'll go on It's absolutely We'll talk about

3:04We're sponsored by Robomarkets And And there I thought we'd talk a little about the European trade. You can handle very many banks out of Europe. It's Portugal, it's Storbritannien, it's Spanien, it's Italien, it's Tyskland. And all this can be handled in euro with a lot of money so you can slippage with the value of investing. So it seems like in these markets can be very many oil companies, like Storbritannien for example. it's other companies that are exponents and then it's perfect to do it so that you can spread your palette out in Europe with your active trade and then you can do it via Robomarkets and then it's as usual the trade-off trade is always in focus, it's like people have been handling from Nvidia to SanDisk to drone-related and it can be both from long - and kortsida.

4:04Exakt, och vill man ha ett system så man får en bra överblick över marknaderna så man då tillhandlar Only Robo Markets Trading View också. Och det kan faktiskt vara väldigt nyttigt. Där har man ju kunnat följa oljegraferna riktigt bra. Ja, verkligen. Och när det blåser på så är det bra att ha ett system där man kan få en bra överblick över flera olika marknader samtidigt. Verkligen. Så är ni inte kunder kontakta Max och Simon så får ni superhjälp att sätta upp ett konto och annars är det bara go in on Robomarkets. Stort tack Robomarkets! Men kom ihåg, investeringen bär risk och det är inte säkert att du får tillbaka hela ditt investerade kapital.

4:45Om vi ska börja med Kinnevik då. Jag har väl tyckt att det här borde gå att göra någonting med men så länge de inte drar igång något återköp eller visar vad bolaget är på väg så är det tyvärr oinvesterbart. Igår kom det en blanka rapporter of the Ningi Research, sushi-firman som vissa kallar dem. De var ju ute och körde bland annat Cinge, när blankarna mådde som bäst med de här blanka rapporterna och visser och liknande. Och nu var det Kinneviks tur som får sin släng av sleven. Bolaget har ju gått väldigt dåligt på flera års sikt och redan nu i år så var de ner mycket. Det kändes som att den handlade 90-80 spänn och nu igår så var vi runt 50-lapper ner plötsligt.

5:31Mycket av det What they were talking about was that their own income was over-refered. And that can't say that the market has another perspective when it's about 80 % rebatt. When they were taking off the store. No, it was not. I was going to get it on the report. It was not. It was their own thing. That AI would have to eat up it. And the interna affair. That they had to sell some bad things to someone they didn't want to tell. And in a way of Ningi was it a previous anställd. som har suttit i styrelserna för de här bolagen. Man fick köpa det för en krona och sen med någon form av revers. Det är väl inte så fastighetsbolagen har jobbat tidigare.

6:08Det här skulle vara mellan 23-28 % av det de hade investerat eller någonting. Och om det här var de sämsta bolagen från Kinnevik och man sålde det för 28 % av det man har investerat så lät det ju ganska högt. Nu verkade det inte vara någon upfront-betalning utan med någon earn-out variant här. Sen är det väl It's a mega-catastrof that you don't have to be transparent and that someone can slay it. It's a governance problem. The biggest problem is that who is it who is the captain on this boat? They sent out 17.20, this was coming on the day. They sent out that we have left the report, we'll come back.

6:45It's now 14.09 and it has not yet come any communication ,除ed from this one-to-radies-to-radies, that they'll come back. So, antingen So it's super-alvarly For then you must really write a answer Or so they don't know what they're going to do They might ask AI If AI actually comes to get up It's fascinating, I bought it a little I've got it now, I've got it now When they don't come with anything And sit and play in here It's like it can come a little What's that, it's up today I didn't think They wrote that Bolew was a dynghug It's not that we think about anything else. No, it's not that we think about the market.

7:28It's a very big deal. Yes, they have 8 billion dollars in netto-kassa. Börsvärdet is 15. If I have heard it right, so their own, in their own, they're 31 billion dollars. So it's 120 kronor and the actuality is 50. So it's a mega-rabatt on all their own. But they choose to not to go back. And it's not that you think I think that this is a big investment in the world. No. Because it would have been the best investment in the world. It shows how fast it can be. They have invested in health and health and other things. But they have no form of flat exponering here for some of the AI-belang that they have been able to find out.

8:11This is probably the first-women of AI-belang. 21 years of the world. Yes, they have done invest in the whole way. and now they were lead investors in a more niche or how they were to explain it it's a real company and it's a little different things and in the day one can a VC company be super-hatched and now it's been a year later so IAgenten should buy all the company and if it's so, it's not a case of but you're extremely suging on to just take over the whole Kinnevik when you have a huge cash It's enormous. We can say that we are still for a few. We can trade the same thing out of the hell.

8:55Yeah, so it's... It's not difficult to do better affairs than what they've done. So that can you say that you can say. But what I mean is that I've been negative to Kinnevik länge now. We've been quite hard. They've been doing it now. They've not presented any new VD. It's the biggest problem. It's very interesting when they take in it. Now I saw a new analyst who said that the self-sacrifice of the CFO He has also been a strategy-chef before and has been a company in the company It must be the most important thing It's fresh blood And so I think that Yxan will go The person who will probably let Yxan go when he comes When he comes to the company And now he is still back It's a very good time to go in and take over the skut It's what I mean Inhaven is very valuable It's a so much So it's more and more It's interesting to look at what they're going to do With the kassan And there's a lot of opportunities Onoterat market You don't have to do it No You can buy noterat You can buy secondary It's how much you can do with the kassan Go in onoterat market Now when private credit Private equity and VC Känns skakigt maybe to use the cash to do something else and it could be a result on the market if you want to do something else it's a lot easier money there than to hold on to and sit in the same boat as private equity and VC and the business model with that you need to take in money and that the rents don't come down to where they've been I think that for the who takes over Man får ju titta på vem de tar in Men de får ju inte ta in någon som kommer från samma Druckit samma Kool-Aid Som det heter på engelska Nej, det känns som att vi skulle styra det här bolaget På två helt olika sätt Men båda Jag vet inte om det skulle bli framgångsrikt Men det skulle hända lite nya grejer i alla fall Så det är årets möjlighet här Frågan är liksom, ska man köpa nu Eller köpa när man ser om det är Gamla C-Phone eller en ny gubbe de tar in Det är liksom It's called risk.

11:17Antingen you buy a little now, or before you buy it. But it's in all of a sudden, there are no possibilities for the one who really takes place in the pin. And it shows what we are in for the market just now. When you can get a company that deals with a mega-rabatt, like 15-20 % on something that doesn't have so much new. Ju nearer it comes to the market, desto more... Intressant it will be. Yeah, desto mer ska man köpa, höll jag på att säga. Finns det risk att de gör bort sig med kassan? Ja, men där finns ju ett motstånd, om vi säger så. För att prata teknisk analys. Kassan är ett stöd, om vi säger så.

11:59Jag såg att de ägde, om jag läste rätt i alla fall, sitt hus som Gemini värderade till 400-600 miljoner. Det är jättefina på Skeppsbron. Så de sitter på lite fina tillgångar i alla fall. Ja, nu ska du inte gå så långt. Is it the or the julgran you first slänger out? No, absolutely not. But it's just a lot of things to do. It's a lot of things to do. So it would be cool to get a new blood. Or a raid here? Yes, you need fresh blood. Activist raid. Content is that you're much less negative to Kinnevik in the near future. Absolutely. It's a content. So I'm so surprised The report was 10 % So it got them with me But when they say that Inehaven is a dyng high Yeah, it says the market also It's not a new thing And the earn out When they have Spinnat out the sown Yeah, to look at the value It's not a number of people It's not a number of people we talk about So it's a little like Yeah, it was not good But is it important?

13:05No Had they found someone else who had to buy more money? Ser it a bit good? Yes But is it financially important? No That's why it was a little grasping for straws For saying that their own experience is sad It's like the 12th man in the whiskiness

13:29We are sponsored by Avanza And this week I thought we could talk about how to act when the price is very much. They have very much work when it comes to put orders. And it comes to understand what you need to use, how you need to use them and when you need them. Exactly. And you always have a look at the different tools. But when the market is stuck as the example is now, you get to ask how you react when the market is stuck. The days when the market is like a torque, it slår 1 % back and back, it will come a lot of upställs. How trade or how do you plan? And there is discipline and infrastructure that actually helps them very much.

14:09And then it's good to have a look on what's happening. And so I thought we today mention what Avanza has that they use of. They have, for example, from a risk-and-sharing perspective, they have a stop loss. It's like the mechanics. When you have a lot of money, when you have a trade or an affair and you don't want to stop. Then it's really good to have a stop loss or even glidande stop loss can you follow with an affair and then depending on what you've put in if it goes emot so you're now and then you can lose in a winst on that way you can also handle via dark pools dark pool nordic mid can you can add in as orderly and very much volume in the time that goes in dark pools so this is most of the bigger but if you handle a little in a little bit more position, so it can always be good to test it in Dark Pulse, so you can get in the direct, instead of being up to the price.

15:07Precis. Then we have something called order-typing. There are all kinds of things. It's a fill or kill, to example. Very good name. A good order-type also. Man can't use it too often, but when you can find out if you can get all your volume, or you can get nothing else. It's also that you can handle on WeWop, som är det dagliga viktade genomsnittspriset som har gjorts. De flesta affärer har gjorts. Det säger lite var snittet för marknaden har handlat någonstans idag. Det kan vara bra att hålla koll på och det går också att handla mot. Det är lite i slutet på dagen på WeWop. Har du sålt någonting jättelångt ifrån det?

15:47Då var du inte bäst i klassen. Sen finns det T-Wop. Det kan vara att du kanske vill sälja eller köpa var femte minut varje halvtimme så man får ett snitt över dagen or you want to handle from lunch and forward so you don't just get it exactly when you're sitting on the screen but you want to spread out your price over a period of time and then there's also a lot of orders it's like almost all orders you see now are all orders and then it means that you see one volume in order and then behind it is a certain volume and dyes exactly and if all the others are going to do it you can do it yourself But in the end of the day, trading and investing is about discipline and infrastructure.

16:28Avanza gives you a tool from all from a snabb exekivering in app to an advanced order-legging and even to alarm-funktioner. It mentioned we not now, but a kurs-larm, so that you don't have a whole time. So you get a kurs-larm on if something has a missed level. It's also a very good tool. So it's up to you yourself to use this and to find out what you can use. What is it for a tool you can use in different situations. It's actually much more important than I think. So it's a tip from us to those who listen to what Avanza has to offer. So click around between the two types. See till that you know how your client is working before you actually need it.

17:08Stort tack Avanza! But come remember, investering in your risk and it's not sure that you'll get back your capital. Thank you.

17:45And then it's a short-sighted A short-sighted Yeah First and foremost Alla say The American administration Was over 4-5 weeks When they said that It has not been thought of all But after 10 days All say it will never be finished We're not even half a way For what is communicated So it's a little special and it's a little when the market becomes a ton - and all the reports that come in with real military status say that it goes in a plan or better than a plan as Trump said in his news conference if you look at the number of missiles that Iran has been in the fall of 95 % it's a success so clearly what should they say?

18:40what should they say? It's probably their PR and propaganda I mean, Iran is not a little country It's not a country It's not a country that Iran has a small army A small army, a small army A small army of people To make missiles So that they have managed to get The number of things they have made So much On so short time It's just It's unprecedented So if they were to go with Iraq Or if they were to go with other war I just glömt det. Det har inte hänt förut att man har lyckats göra det på det här sättet. Så är det. Och ändå är ju Hormuz sundet stängt här vilket påverkar oljebolag och länder och priser mest.

19:22Så det är väl det som folk har hållit koll på mest. Det är det som är den stora... Den viktiga punkten. Vad händer i Hormuz? För resten går enligt plan. Sen att Iran sköter på alla sina grannländer samtidigt. Det räknade man kanske inte med. Eller så gjorde man det. Man har ju flyttat väldigt mycket Patriotsystem som ska kunna skjuta ner. Men det har ju inte hjälpt Iran att de sköter på alla sina grannar. Det fick ju lite motsatt effekt faktiskt. Kraven på att USA ska sluta har ju inte kommit i alla fall inte från det hållet. Den har kommit från vänsterhållet i Europa, ja. Men inte bland de länderna.

20:06Så än så länge har inte den strategin funkat. Och hur moshundet är for a time, it was like a Greek factory that made a run for it that was quite a bit of ice cream they got it how much would you have to do it for to stay as a captain? I don't know but in all the way they were in the Pacific and then they sat on it again when they were in Mumbai with it said it's important to hold on how much stoke can it be there It was the tank of the 80s. When Carter was in the 80s. And then he had to have a half-flotter on a day. Now he had to have a half-flotter on a day. But it's what you're worried about is that it's a drone.

20:53And that it's from the river and that they're in a Houthi variant. And then it's hard to find them and see them. And then they're up and then they're in a missile and then they're in. And there was the USA out of that they had some form of security. But there is a market very weakening that it would cost all of a lot to do. Yes. That's why they don't have a lot. They have always a lot. It's just a covid. They have a lot. They can try and buy their own money. So they have a lot with the most. But they want it. That's the question. But to the end, it's so important. That's all. All is so important.

21:37Both of them who bases and they who has to say that it is so important for the economy. What I mean by the world says that if it is so important, it will open. For all the countries in the whole world will have an interest in the open. And then it will be open. And it was a little bit of what happened to the people. The oil crash from the open to the highest. It was the biggest thing ever since. It was about 30-40 % from the top. And that's why people are not going to be long-term. That's why it's not going to open. It's just a time. Exactly. And it can be long-term on another way. That it goes down to a lot of intensity.

22:16You can do raids, etc. But that the sampled world doesn't want to be able to secure our mosses if it goes for long time. I don't buy it. For if the iransk army should start to play hot in the rebellion along the coast And how do you play I can't buy that they can't buy it against the world for it's where it will go to the end that all have a interest they will just lay a bomb so important And how do you play I've tried to buy a little oil company the whole week because you've got to look at Brent but it's been a wrong The market has handled these extremely right so they haven't all been done as the oil price has done.

23:03What you would have done was to buy a short oil contract. It's called Brenten or VTI. Exactly. It's my harang I took here. Oil market holds with me. I think people look at the longer oil contract so they haven't gone up all the way. And the curve in terms of the structure goes down. So the market says that the price of the price here and now and the front month of the two months has been speaking absolutely But in December, it was about 72 dollars And I was going to go up with 110 So it's a very big difference Yeah, exactly Or the front month, you know But it's a very big spread there 110 dollars on 72 dollars It's an enormous difference Exactly, but in December, it was about 72 dollars And it was about 110 dollars So the market says that than to see that it's not going to be long-term.

23:56Then there are other aspects that Iran has taken to against infrastructure in Saudi. So they've got to get rid of so they've got to get rid of the refineries, LNG and so on. My bullish take is that if it's so important, so it's going to be bullish. Bullish push or bullish that rent will come down? Then it's bullish that it's open. The bearish take is is that the oil spike is not good for the economy. It's what we've already seen in the over-heated and - -skakeconomics we've seen in 2008. Kinas after-frågan of oil spike in 2008 and then we got a crash. In 2000 we had the same phenomenon. What it does is that when oil prices, and in this case, when it's in the Hormuss-sund, so it's ammoniac, svavel, som till exempel är de två största eller två jätteviktiga ingredienser i konstgödsel så går matpriserna upp och när alla de här priserna går upp och vi får inflation som det heter de pengarna tas ju från andra saker så om private credit nu fortfarande är känsligt och att det är någonting som bubblar där och något håller på att gå till helvete så kommer inte likviditeten bli bättre i mjukvarubolag that doesn't go with the price and find money when food, oil, energy and all the prices have gone up and now it's going to be a high, or a 50 billion dollars today so it's high and low there but it's what I mean even if I can be that the hormones will not be so long so it will still do that the prices go up and it's not good for the market in the stature over the time so it's a time aspect here Oliemarknaden says that the oil will not be so high In a half year But the question is How high will it be?

25:55It's a very difficult time It's a very difficult time in a world where oil prices go up And the price of the price of the price Etc And for Hawaii So Taiwan Taiwan's economy drives to 50 % Of gas Gasbrist I've read that they have 14 days Of gas Then they must start to sonate And it will be blackouts It can be very dyrt To ask the KBT And the chip-priser will go up If it's not that I would be able to talk about it It's an oilager It feels like every time it's a crisis All are so afterthought So now it's like EU and USA All the country will bunkra Rejält Like to buy up the power Man comes on after that It's smart to have a big oilager It can actually be störningar so you can find a company that is going to be exponed to us and so you can find it and if you look at the winner and the winner so that USA will be able to do it best the self-serve on oil, gas and meat Europe not so much Asien, the absolute biggest top of the world Europe very dependent on gas especially and I think on the dollar-saving we have had the feeling of the reverse in this way dollar have we seen stärkas not so much but if you take this out on time then you should start the dollar and another winner is America which sits on all these things they have gone very strong Tigo has gone fantastic here in the beginning but what I want to do is that risk are very high so what I said if it is so important so it will be open yes, it is very clear but what will it cost and how will the economy look for it to hold it open?

27:47It's where the question is. It's really hard. It's just been 10 days. I'm a fan of I'm a fan of I'm a fan of I'm a fan of I'm a fan of I hopped in and I'm a fan of I think this I'm a Fed to I'm a central bank I'm a central bank I can't do anything I'm a fan of I'm a fan of It's not It's not to fix No On that So I'm a fan of I'm a fan of I'm a liquid For this It can be a It can be a liquiditetskris. Man känner i alla fall att det är snabba rörelser. Igår så kommer det lite här med Trump. Då går börsen upp typ 3%. Idag är det upp. Det känns mer som att man har tröttnat på att det går ner. Det känns som att det har kommit så mycket nyheter.

28:25Antingen man sitter och stirrar på nyhetsflödet. Här känns det lite Wayne Gretzky i marknaden. Man ska åka dit pucken ska. Jag satt hela förra veckan och försökte köpa oljebolag som inte går upp. Då är man ju level 1. Det känns som att man måste tänka lite level 2 här. Ja, marknaden har ju fått ADHD. of it. Tensions blir mindre och mindre och mindre. Jag menar covid. Paniken under covid var det bara en och en halv månad. Sen bottnade det. Sen vände det rakt upp. Det verkar som att det där blir kortare och kortare hela tiden. Så marknaden igår verkar som att den bara skrek efter någonting att få gå upp på.

28:59Det räckte med att Trump sa att han skulle hålla en nyhetskonferens om två timmar. Då blev det en total uppgången igår kväll and what we're going on now it was also a short quiz for that it's not a question that's not a question that's not a question and Trump should hold a talk and maybe do a taco or what he did but maybe it's not a taco or maybe or if he does a taco or if he does a question at his conference then it's not a question so all of them should stay in a stung it was that's happened in the USA and it's interesting I've seen a little bit gambling, EVA har gått relativt jättebra jämfört med många andra och många av spelbetting och kasinobolagen har ju klarat sig bättre jag har kollat lite dataspel köpt lite EG7 som jag pratat om tidigare, för den kom ner lite i dippen här och Tobac har ju gått ganska bra, det är svårt att avgöra om det nu ska bli HCM på marknaden, om man kommer gilla de här bolagen, men de har i alla fall varit väldigt nedgångståliga for they have no insats for oil and like that.

30:10But it might be a little change in these sectors that have gone extremely bad here. You might be a little scared to not to buy a company that has gone up 25%. Or it's just that tomorrow, back to Sandvik again. Up to 11 weeks in a row. Now we're going to go on. I have a hard time to do that. But I'm not sure that I'm going to go down 10 % in a company. But it's not that. No, I'm not really sure. because there we were when it started it was not as if it was billy and then we were more in at all the way over Europe or out of the USA and then trade has gotten a turner they have gotten a hack in the curve then we'll see if it comes back same thing with AI it has been a little in the water now and I still have to say that and the mjukware company handled it to one month so that has been it has been a 20-25 so that has been a little bit now AI is just a spain and mjukware is just a spain exactly I think alternative energy solenergi has been a optimal for four years this could be the most-to-go in the past Even new Drattan's

31:39Neumontsin The conflict is an issue It probably doesn't Profit Mm

31:58indeed It actually seems to look just for inspirational probably Man has seen oil speakers before How much is oil Speculation And how it just disappears For the seriated Oil company For example The next month Have they already hedged Or so On their terminspriser So we talked about It's like juni-contract That's interesting Medan You saw it We have seen from the month, it's like a lot of speculation. It can go to 200, it can go to minus. When it's a physical levering, it's a very weird thing. Exactly. There's also another aspect. I've seen some outrageous calls with oil on 200. Fine, it might happen.

32:43But then you have an aspect how high 200 dollars in oil prices are today. For the skillet from the previous oil speak, when it's up to 150, and 130, or 120 under covid and then it was 2012 when it was Arabica Våren and Libyen etc then it was not the USA was the biggest producer.

33:11What are top levels now that are the top levels? Then it was the 123 that we printed in the morning very high because we have the biggest producer Producent Som inte ligger i den här regionen längre Men oljespikar innan har faktiskt varit Då har det inte varit så Då har ju USA varit en importör Nu är det med en exportör Förutom 2020 då Alltså under covid Ska vi lämna oljan? Det känns som att du bara mår så bra När vi pratar om det Men oljepriset är speciellt Det har ju till och med handlats på minus Ja det gjorde det under covid Om man tittar på Klarna då Nästan så att den har handlat på minus The lockup was up when the lockup was out.

33:56It's also a little bit of the Gretzky-temat. Alla are quite sure that the crash the day when all the akties come out. I read that it was like if you had an egged, it took 10 days to be able to do them from Storbritannien. So that all probably didn't have done it before. I think that it's a little interesting, for it feels like that everyone has total frontat the lockup. and that it was super blanked and it feels like if you're super professional then you've got a little putz or got something else for to hedge the block up so something he can find out here it feels like he's not he's a hardworking guy and he's not he's not going to have the this trend so something will happen here then it's just a question how much he can control Noteringsförfarandet Och det har ju inte varit bra Nej Sen härifrån Jag och många pratar om lockupen Det skulle förvåna mig Om det faktiskt blev att det blev en vargod Sjöld på grund av lockupen också På de här nivåerna Jag menar de som har suttit med klarna aktier Genom åren Det är ett härdat gäng Det beror på när du gick in Vissa är supervinnare Absolut Men 2022 var det inte lätt and it became an emission and so I mean yeah we'll see all the time it looks like Kinnevik but you're more suging here than on 40 but so do you always when it goes down but so think not people you're more hate now than on 40 but it's the end of the boutique where all the springs out when it's billy yeah then we have an emission I handled a little nobia-teckningsrätter here the last day I was on Friday I just bought a mini-post for it goes out today if you want to do it or not so I have sent in I'm a mini-tank, but I think they're worth following this.

35:46It's Nobia, Facadgruppen and Westbygge are out there. Alla are exponerade lite mot konsument. It should be some interesting places in these companies. Now we'll get the worst inflation spike here. There are not yet to be the consument. I've seen that BOG has also gone super bad. So I'm a little suging on to buy a cork here. And go emot all this. For it was a year it would go to the small company and for the consumer In fact, nothing of it has happened to it So can I say That can I say But I think it's worth holding a look at this It's a fictive press When a company has a emission It's often low-women If you have a period of time When a tech-sert has Then when the company has often Then when the company has a little bit of a deal And for the most part of these Have the company gotten a better balance After you've taken in the money Annars it's something that's really illa I'm holding on Ingen of the other are super-quality companies But Exactly I don't often do emission to low-kurses No I think One thing I want to lift All of the problems we had It was worried about two weeks ago Private credit Mewkvara, AI etc It just happened in the back of the world The problem that we have left BlackRock stängde en fond Precis för uttag Du tror inte de har blivit bättre De här problemen under kriget Nej, det är väldigt svårt att se Marknaden fokuserar bara på en sak i taget Och just nu blev Den här konflikten med Iran akut Och det är ju logiskt Såklart är det rätt, det är akut, det är krig Det är hormosundet Etc Men man ska inte glömma bort de där issues Som fanns innan Utan man måste nog ha having a tradable ball while and seeing if a shoe trilling.