Mr. Bassman is an interesting guy with an interesting pedigree. The topic of interest that is shared is the investment implications of changes in Federal Reserve policy and actual or expected inflation. And a definitive sense that current prices in most financial assets do not REMOTELY bake in a future cone of variability that is much wider than that of the recent past. On the former, he has concocted the PFIX –the Simplify Interest Rate Hedge ETF. And he suggests equities as the taller height-challenged unit. On the latter – we continue to maintain a wary position on a lot of things that have gone up A LOT in the past few years. Things change.