dip, like they've been doing for five years plus, like buy, buy, buy, buy, buy. But it's a different market now. And when you have low interest rates, you have the Fed there to pick you up and everything's going to be okay and just throw money at everything and hand checks to everybody. Listen, buy the dip makes sense. It makes sense that a lot of these companies have premium valuations. It makes sense of how much liquidity is coming into the market, where we saw a record amount of deals flow, a record amount of assets trading at record highs. It makes sense for those conditions. However, in 2022, we're going to see a fundamental shift. I say a fundamental shift because that's what we saw in 2020. It was a fundamental change in the marketplace. In other words, I'm not saying that the market's going to fall because they're expensive. You could say that for the last five years on a historical basis. Again, people weren't factoring in low interest rates and the Fed and fiscal policy just (10/35)