Lyn alden bio. Mistake #1) Too Much Sector Concentration. Lyn alden bio

 
Mistake #1) Too Much Sector ConcentrationLyn alden bio  Mistake #1) Too Much Sector Concentration

WBD355: ESG, Tesla and Energy FUD with Lyn Alden. . In the 1970s, he was his own photographer, model, and fashion designer. They compete over quality, rather than just on price. So, I only focus on what I consider the best and highest-impact products and services that are simple but. She also had minor roles in various B movies. Because it was the first, it's been this 12-year history of ever increasing hash rate. So, suppose you buy a $1,000 10-Year TIPS that is agreed to yield 1% per year when you buy it. Lyn Alden Biography. Published November 2020. Search & Listen to all the podcasts interviews of anyone on. 884%. 3. 30 beginning in 2024. The Vanguard and Schwab ones are slightly cheaper, less liquid, and thus optimized for buy-and-holders. Her 1990 birth and rise from a difficult upbringing to stock market prosperity are intriguing. It’s an investing strategy that rewards patience, confidence, and rationality with high returns, and is the strategy that most of history’s world-class investors applied to earn their outsized gains. In about two more weeks they'll have negative tangible equity if you factor out those deferred assets. Menu. Lyn Alden: Shifting from Monetary to Fiscal Dominance Feburary 25th, 2021 Erik: Joining me now is Lyn Alden, founder of Lyn Alden Investment Strategy. Ginger Lynn Allen (born December 14, 1962) is an American pornographic actress and model who was a premier adult-entertainment star of the 1980s. However, one can gain a brief insight into her biography through this article. Millions of machines are using electricity to apply processing power to guess the answer to cryptographic puzzles left by the most recent block. TV Shows. 10% Discount Code hit a record high for Lyn Alden. One of the leading figures in the cryptocurrency industry, Lyn Alden, founded Lyn Alden Investment Strategy and is a member of the Swan Bitcoin board of directors. Bio. We know that Lyn's political affiliation is currently a registered Unaffiliated/Non Affiliated; ethnicity is unknown; and religious views are listed as unknown. Lyn Alden Wikipedia: Gender. . Message the Analyst. She believes that investors can achieve significant returns while minimizing risk by doing so. WBD355: ESG, Tesla and Energy FUD with Lyn Alden. Analyst, ElliottWaveTrader. Macroeconomics strategist Lyn Alden has shared her view on Bitcoin which, like other crypto assets, has suffered considerable losses in the recent market slump. How tall is Lyn Alden? She has a height of 5 feet 6 inches. " "By most metrics, equities are more overvalued than other asset classes," Alden told David Lin, anchor for Kitco News. Wealth is not going to deteriorate or get lost, which is a great way of thinking about all the economics. Final Thoughts. Alden is optimistic the flagship will stay above $20,000 even if the slump intensifies. High-yield stocks are commonly found in energy, real estate, utilities, consumer products, and a few other sectors. One of the leading figures in the cryptocurrency industry, Lyn Alden, founded Lyn Alden Investment Strategy and is a member of the Swan Bitcoin board of directors. Personal Details & Biography. If T is $4. S. Criteria 6: The company enjoys profitable growth. This article will also give you information on her age and Bio. I tend to avoid jumping into crowded themes (sometimes to my benefit, sometimes to my detriment), so AI is not something I have written much about publicly. Lyn Alden joins the Macro Monday show with Dave Weisberger and Mike McGlone. Bitcoin could be, perhaps should be, a global-game-changer. BTW, evidently, she retired at 33 with financial independence, not an indicator of anything but still impressive. This free newsletter provides insight on stocks, bonds, ETFs, digital assets, precious metals, and commodities, with a focus on broad investment strategy, asset allocation,. Why Our Financial System Is Failing Us and How We Can Make It Better. Lyn Alden @LynAldenContact. fm/adchoices 00:38:32 SHARE SAVE CLIP Ep. total debt of all types according to the Federal Reserve (meaning, it includes more than the BIS debt chart above) was equal to about 350% of U. The Capital Sponge. A year ago, mortgage rates were 3%. Lyn Alden is basically an Investor who operates Investment Research Services. Join Facebook to connect with Lyn Alden and others you may know. Soon, they were in a relationship, which continued till. She also shares her thoughts on 60/40 portfolios and emerging markets. She prefers a fundamentally strong company that supports technical as well. Dawn Lyn Nervik was born in Los Angeles, California, to Carolyn Stellar and Rik Nervik. READ MORE: Tom Lee net worth: How the Fundstrat founder made millions advising on crypto. Bitcoin ( BTC) still risks “considerable danger” in 2023 as macroeconomic conditions dictate price action. thtantai2 website, you can scroll down to read each section or quickly click on the table of contents to access the information you need most quickly. r/Bitcoin. This new series will only feature blogs that, in my view, are truly outstanding in terms of quality and offer valuable content. Lyn Alden has a background in engineering and engineering management, and since 2016 has provided research with a systems engineering focus into macroeconomics,. In the past, Lyn has also been known as Lyn Alden Reed Hayes. If Bitcoin drops in market share to just 10% of cryptocurrency usage, and cryptocurrencies only account for 1% of GDP in ten years, and M. I hate clutter, and don’t like using a lot of apps or having a lot of memberships or accounts. Nicole Drinkwater was born on April 05, 1991. Lyn Alden full name is Lyn Alden Schwartzer. Lyn Alden is a 33-year-old investor in the United States. Her full name is Lyn Alden Schwartzer, while her zodiac sign remains unknown. Top Resources. Moreover, the internet personality is a married woman. She was born in New Jersey, USA. Lyn Alden Wiki, Age, Biography, Husband, Ethnicity, Net Worth, Parents, Height. Lyn Alden’s estimated net worth is $4. At current rates, this bond offers a negative real return for a century. On Saturday (April 1), highly respected equity research analyst and investment strategist Lyn Alden ignited a conversation on Twitter by suggesting that Ethereum ETHUSDT is likely a security based on the Howey Test. Lyn Alden, Founder of Lyn Alden Investment Strategy, breaks down a number of critical risks connected to the turbulence in the bond market. The dollar is the primary global reserve currency- the international medium of exchange and significant store of value. She has also made a significant amount of money from her own capital investments, including into cryptocurrency. Full Bio. This is a list of services I personally recommend to build wealth, save money, and increase your performance and efficiency. On LinkedIn. Lyn Alden Wikipedia, Transgender, Guy, Gender, Net Worth, Twitter, Husband, Biography – Investor Lyn Alden, of Atlantic City, New Jersey, maintains the website which offers Investment Research Service for Retail & Institutional Investors. [2] After ending her pornography career, she began using her full. Lyn Alden Schwartzer. Lyn Alden On Finding Bitcoin, Skepticism And Inclusion: ‘Money Is For Everyone’. This article explores how we got here and to what extent any of this matters for savers and investors. Created: 23 January 2023. It is 46% US stocks, 25% exUS stocks, 29% bonds/cash. Lyn Alden full name is Lyn Alden Schwartzer. Lyn Alden does a fine job of placing Bitcoin in larger contexts: technological, historical, economic, political. That is according to economist Lyn Alden, who, in private. On July 30, during an interview with Anthony Pompliano, Alden highlighted the “significant” role that stablecoins are playing on the digital currency landscape and their potential for further uses. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency. Lyn Alden is an independent investment and macroeconomic analyst that provides research for retail and institutional investors at lynalden. Let's know Lyn Alden's Bio and more interesting things in detail further. They lived in cars and were homeless for quite some time. Bitcoin: Addressing the Ponzi Scheme Characterization. Registered users will find the download link in your research roundup email. A. She is a US-based writer, investor, analyst, and also engineer. " I love the framing. In order to begin receiving the newsletter, you’ll need to go and click on the confirmation link in that email. stocks, or mid-cap stocks, for example. It is now trading with a 1. Lyn Alden is a macroeconomist and investment strategist. Lyn Alden is a full-time investor and independent financial analyst. Verified account Protected Tweets @; Suggested usersLyn Alden Wikipedia, transgender, male, gender, net worth, twitter, husband, biography – Investor Lyn Alden, of Atlantic City, New Jersey, maintains the website which provides provides investment research services to institutional and retail investors. Sally Ridge is a popular American based interior designer, television personality and socialite. WBD378: Nassim Taleb’s Bitcoin Black Paper with Lyn Alden. Lyn Alden is a macroeconomist and investment strategist. And Lyn Alden, founder of Lyn Alden Investment Strategies, says “banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them. FAQs of Lyn Alden How Tall is Lyn Alden? Lyn stands at the height of 5 feet 6 inches tall. Blue chip stocks are large, diversified, recognizable businesses that are market leaders in their industries. Posts: 505. Lyn. Lyn Alden Biography Family and Education2 Gold Stocks I’m Buying For 2022. Here in 2023, small banks are already back down to cash levels they had at the time of the 2019 repo spike, while large banks aren’t yet. Elon is afraid of competition. October 7, 2019 Recently Published Articles: The Most Crowded Trade (Seeking Alpha) The Consumer is More Fragile Than People Realize (Seeking Alpha) This Stock Grows by 12% & Yields 6%, But You Won’t Like It (FA Trader) The CEF Contrarian Indicator (FA Trader) Repo Spike 101 (FEDweek) Multiple Issues with the UK (FEDweek) Top ETFs […]This process is known as “proof-of-work”. Money is a critical tool for functioning economies and individual well. By the end, she has compared Bitcoin to historical solutions (gold), current solutions (fiat), and other proposed solutions (other crypto). A Century of Fiscal and Monetary Policy: Inflation vs Deflation. 5% annually compared to only 11. Website LinkedIn. By Lyn Alden Schwartzer. She concentrates on fundamental investment with a focus on equities, currencies. WBD361: The Truth About Bitcoin's Energy with Harry Sudock. I’m less worried about AI overlords taking over the world than I am about what happens when it costs 1/1000th of what it currently does for rogue human groups to create new. According to Alden, there are only two altcoins worth considering. Alden has always been interested in engineering. 1990) is an American investor, engineer, and writer famously recognized for founding the Lyn Alden Investment Strategy in December 2016. Live With Lyn Alden, Arnold Kling and Zach Weissmueller Join Reason on YouTube and Facebook Thursday at 1 p. Financial Sense® Wealth Management 10809 Thornmint Road, 2nd Floor San Diego, CA 92127 USA. Lyn Alden, also known as Lyn Alden Schwartzer is an American Investor, investor strategist, Engineer, and Author. [4] [5] The company added more newspapers to its portfolio in May 2021. In Real Visionaries, through her deep understanding of subjects, Alden brings viewers new insight into the markets like never before. The second number in orange is the amount of new bank loans as a percentage of GDP. We know that Lyn's political affiliation is currently a registered Unaffiliated/Non Affiliated; ethnicity is unknown; and religious views are listed as unknown. And here’s a bearish scenario. High-yield stocks are commonly found in energy, real estate, utilities, consumer products, and a few other sectors. Leif Garrett (born Leif Per Nervik; November 8, 1961) is an American singer, actor, and television personality. __CONFIG_colors_palette__%s__CONFIG_colors_palette__Lyn Alden is a well-recognized public figure with a global reputation. As the chart shows, if you want to build wealth, there are really only two things to get right: Increase the difference between your income and expenses. Inflation is the watchword of the here and now, but, according to Lyn it may dominate our outlook for the next decade. . Help contribute to IMDb. . Read Also: Kimberly Klacik (Businesswoman) Wiki, Bio. Alden is female. Lyn has been performing investment research for over fifteen years in various public and private. Alden is an investor, engineer, internet personality, and writer. With a background blending engineering and finance, Lyn uses a dispassionate long-term quantitative and qualitative approach to filter through the noise and find value in stocks and markets. Join Date: Sep 2020. Help Center Redeem promo code. “Nights in Black. Lyn is now single. Lyn has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, with a focus on engineering economics and financial modeling. If you look at. Macro strategist Lyn Alden says that she is not particularly bullish on Bitcoin in 2022, and warns that BTC is still susceptible to a capitulation event. Location. Lyn Alden Biography and Wiki. In the wake of the FTX/Alameda collapse, which came after prior collapses of Luna, Celsius, Voyager, and Three Arrows Capital, many crypto industry analysts have pointed towards DeFi (“Decentralized Finance”) as a potential solution. Idea #2) Split Developed and Emerging Markets. She is the founder of Lyn Alden Investment Strategy. And yet, there are still reasons not to lose hope. Alden is female. MacroVoices #299 Lyn Alden: Revisiting Inflation/Deflation Signals. Lyn seems cool anyway, actually passes reasonably well and is pretty smart (which is all that's particularly relevant). It focuses on fundamental investments, with a focus on. . Her Newsletter. Another thing that's worth making note of is the leverage. Widely regarded as true visionaries in their respective fields. Lyn prepared a terrific slide deck to accompany today's interview. She has been performing investment research for over fifteen years in various public and private. 19K followers 500+ connections. We also discuss a coming decade of recurring inflation and the emergence of reserve currency. Bio. coupert. She is best known for her investment researchs. Many people had scepticism about whether she was a transgender person, but the fog got cleared when she got married in 2018. She began Lyn. Our long-term assumption is $3. 36: Bitcoin Decoded - The World of Personal ResponsibilityRecycles dryer sheets. Stansberry Research/YouTube We adhere to strict standards of editorial integrity to help you make decisions with confidence. Alden has written two books based on “Financial Modeling” and “Engineering Economics”. Although technology is inherently futuristic in nature, the problems that technology can solve. This means dont she hasnt got married and hence doesnt have a husband yet. She is currently working as a real estate agent in Auckland city. Lyn talks about the actions of central banks around the world and how they affect inflation. Macroeconomic factors to be aware of, along with asset allocation ideas. Professional Partnerships. In this interview, we discus. Investment strategist Lyn Alden discusses her own Bitcoin journey, encountering skeptics and the industry’s male skew. Companies you know. . Macro expert Lyn Alden says Bitcoin will do another 10x from here reaching $280,000 per BTC in a new interview with Michelle Makori on Kitco News. His working skills and creativity are rapidly reaching everyone. In this interview, we discuss the impact of digital currencies on government control, the breakdown of the US system of checks and balances, and the increasing influence of central governments. Lyn Alden. Lyn Alden Wikipedia: Biography, Gender, Net Worth, Husband, Height. Add photos, demo reels. Lyn Alden Schwartzer is an investor, engineer, and writer. Lyn Alden does a fine job of placing Bitcoin in larger contexts: technological, historical, economic, political. WBD343: The Truth About Inflation with Lyn Alden. Listen Now. Biography. TipRanks holds no liability over the bloggers information or opinions expressed on the site. Starting today, I'll feature one such blog every four to six weeks. Lyn Alden is an American Investor, Engineer, and Writer. Their short-term interest rate is the furthest below CPI since 1951: Just yesterday, the Fed increased their rate by 0. Think Apple, American Express, UPS, and Home Depot. Our Solutions. This draws from chapter 8 of Lyn Alden’s new book, Broken Money, and focuses on a key reason why the world became more and more financialized. So that’s that’s the more financial or quantitative background of what happens. Work is the arbiter of truth, in this case. So, adding a 10%-of-GDP reserve would cost over $2 trillion, especially as the dollar devalues in the process of building that reserve. Lyn Alden. “Japanification” in the economic sense refers to the stagnation that Japan’s economy has faced over the past three decades, and is typically applied in reference to the concern among economists that other developed countries will follow along the same path. Alden spans geopolitics, world history, human rights, systems analysis, and computer engineering to add fresh insight to, and link together, the work of the world’s most influential economic thinkers. This article dissects some of the nuances of that. . Add to list. Much of this was payable in 2022. Lyn Alden Bio: An Astute Investor and Financial Analyst. You can see her investment portfolios if you join Rebel Capitalist Pro. Originally Published: May 2021. Lyn Alden Schwartzer is a successful business person, engineer, and author who was. 19 Reviews. One of the big trends in markets throughout 2023 has been artificial intelligence, or AI. But with her growing popularity and hard work, she will definitely have her own Wikipedia page one day. She’s a well-known character in the crypto community. For example, back in December 2017, Newsweek ran a piece called. Criteria 5: The company generally has management with long tenures and a focus on long-term results. Her zodiac sign is Scorpio. Money is a critical tool for functioning economies and individual well. This article draws mostly from chapter 8 of my new book, Broken Money. 1% of the world’s energy - 140 TWh/year of the 1700,000 TWh/year consumed by the total world. com , she completed her bachelor’s degree in electrical engineering and master’s degree in engineering management with a major in engineering economics and financial modeling. She holds American nationality and belongs to mixed ethnicity. Sign up for my free weekly newsletter at macro strategist and Founder of Lyn Alden Investment Strategy Lyn Ald. She serves a massive number of readers with a dedicated newsletter that focuses on investment opportunities across macro assets, primarily cryptocurrencies. Bitcoin: An Endless Chain of Mysteries. m. 2023 4:25 PM-Lyn Alden, July 2019. Here are two that I monitor and hold, in addition to my ETFs. Recently, highly respected equity research analyst and investment strategist Lyn Alden talked to Emmy-winning journalist Natalie Brunell about Bitcoin. In the conversation, they discussed the curre. Economic Japanification: Not What You Think. She then graduated from Penn State University in 2010 with a. VimBuzz. The world didn’t collapse in 2022. Peter Berlin. ago. dollar is very important for global growth, including S&P 500 earnings growth. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Lyn was born and raised in the United States, with her full name being Lynn Alden Schwartzer. Join. Lyn Alden Atlantic City, New Jersey, United States. Starting in 2017, in order to preserve capital, I dialed my equity allocation down to 60% (40% domestic, 20% foreign) and increased allocations to short-term bonds and cash to 40%. 5) Alternate Investments. Pleas for inclusion aired at transgender discussion in Gilford. 5) The average wedding in the United States costs over $33,000 according to the Knot and other surveys. Lyn Alden is an independent investment and macroeconomic analyst that provides research for retail and institutional investors at lynalden. Bitcoin’s energy usage has been in the news for years. It was a challenging way to get here. . Dr. . She founded Lyn Alden Investment Strategy in 2016. If you don't have a research roundup email, just go to our. But today’s technologies for recycling these units are inefficient and rarely deployed. 95. The gender identity of Lyn Alden, whether male or transgender, has sparked controversy. For example, if the government runs a $3 trillion deficit in 2021, and draws down their cash account by $1 trillion, they’ll need to issue about $2 trillion in net Treasuries. com is an entertainment news website that cover biography, net worth, height, and all latest gists on celebrities. I have several percentage points of my portfolio in gold stocks, with a focus on large producers, diversified streaming/royalty companies, and ETFs that give me access to a basket of stocks. Save that difference and grow it exponentially over time. This research service is available for an affordable cost, and focuses on a low-turnover and tax-efficient investment strategy with a pure emphasis on long-term returns. Lyn Alden came to the world of finance via an engineering background and now runs a highly-regarded equity research and investment strategy firm. Lyn Alden Husband, Parents & Siblings Lyn Aldens marital status is unmarried. However, unlike a normal Treasury note, that security will adjust with inflation. The annual rate of return of an investment is equal to the amount of money it earns in a year divided by the original investment. In my view, the big debate between fiscal policy and monetary policy, or inflation vs deflation, mostly comes down to looking at a long enough historical timeline to. Lyn Alden Schwartzer (b. This up-and-coming strategist shows you how to sidestep trouble. Lyn Alden Wikipedia, transgender, male, gender, net worth, twitter, husband, biography – Investor Lyn Alden, of Atlantic City, New Jersey, maintains the website which provides provides investment research services to institutional and retail investors. She has a large following online and has written several educational e-books. WBD316: The Nation State. Source:. S. Although Alden’s daily assignments rated high on the exposure-to. See Photos. Confirm Your Subscription. Breaking News. Biography. It is also a reflection of the remarkable times in which we now live. We talk about the birth of banks. Lyn Alden's new book, Broken Money, offers a groundbreaking and unique perspective on the evolution of monetary technology. Live With Lyn Alden, Arnold Kling and Zach Weissmueller Join Reason on YouTube and Facebook Thursday at 1 p. Lyn calls Ashtabula, OH, home. A Turning Point. And most of those who have attended a Bitcoin meetup will. Before founding her own company, Lyn worked with William J Hughes Technical Center primarily as a lead electronics engineerLyn Alden Wikipedia: Biography. Broken Money 1/2 w/ Lyn Alden The Investor's Podcast Network. Widely regarded as true visionaries in their respective. In order to begin receiving the newsletter, you’ll need to go and click on the confirmation link in that email. Lyn Alden was born in the year 1988; her exact date of birth is not available. Her money largely comes from the income she makes from her investment firm. So, I only focus on what I consider the best and highest-impact products and services that are simple but. She weighs around 50 Kg. Found this site randomly, Lyn Alden is generally my hero. Mini Bio (1) Lyn Alden is known for her work on The Paradigm of Money (2021), The Rebel Capitalist Show (2019) and Boxes and Lines (2019). I prefer to absorb new trends for a while and think about them for a while, rather than come out. The yield on the 10-year Treasury note hit a 16-year high last week, climbing to 4. Access Is Lyn Alden Trans Age November 2023 - Technology Reviews Online Portal. Lynn Ceremuga. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In the past, Lyn has also been known as Lyn Alden Reed Hayes. In this. It’s a PDF book that comes with a set of Excel spreadsheets for stock valuation, and thousands of investors find it useful in their endeavorsUpdated 21 March 2023. Almost everything went up in nominal terms, as the broad money supply expanded dramatically. Lyn Alden is a macroeconomist and investment strategist. Celeb Zone; Advertise; CitiGist. See Photos. Mortgage activity has fallen to multi-decade lows: A 30-year mortgage for $300,000 at 7% rates has a cost of $1,996/month, vs only $1,347/month for the same mortgage at 3. While Bitcoin ( BTC-USD) has lost nearly half of its value from the mid-November peak, Global Macro Strategist Lyn Alden, on Tuesday said there is weak demand for. I have a bachelor's in electronics engineering and a master's in engineering management, with a focus on engineering economics and financial modeling. My background lies in the intersection of engineering and finance. On one hand, there are real scientific innovations- new developments that allow us to tap into denser energy sources and increase productivity to improve most peoples’ quality of life. Lyn Alden Schwartzer is her complete name; her zodiac sign is unknown. 3939 service [at] financialsense [dot] com Lyn Alden has accumulated wealth of $5 Million as of 2023. Forecasts suggest that 8 million metric tons (t) of these panels will have reached the end of their working lives by 2030, a tally that is projected to reach 80 million t by 2050 ( Nat. Lyn Alden Biography and Wiki. The second number in orange is the amount of new bank loans as a percentage of GDP. Cancel anytime. In 2017, Austria issued a 100-year bond, payable in 2117, with an interest rate of only 2. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify and let compounding grow wealth. Learn more here. 8:51 PM · Mar 16, 2023. She shares her model stock portfolios inside the Rebel Capitalist Pro forum. Five years ago, our atmosphere was significantly different than it is today. On this week's episode of Swan Signal, Sam sat down with the brilliant Lyn Alden for a wide-ranging discussion. Lyn Alden is an American engineer, private investor, and author best known as the CEO and founder of Alden Investment Strategy back in December 2016. Alden discusses the opaque process of setting monetary policy in the U. and did a part-time job to pay her college fees. Blue Chip Stocks 101: Overview. Whether Lyn Alden is transgender or not has recently been the most sought subject online since so many people are interested in learning more about her. Changing behavior following a rollout of the vaccine should alleviate stress on the jobs market and consumer sentiment towards the second half of 2021, Alden said. SHOW NOTES:Alden is a macroeconomist and investment strategist. The argument suggests that because the Bitcoin network is continually reliant on new people buying in, that eventually it will collapse in price as new buyers are. WBD363: Why El Salvador Made Bitcoin Legal Tender with President Nayib Bukele. Not much is known about her parents. I hate clutter, and don’t like using a lot of apps or having a lot of memberships or accounts. Get Full eBook File name "Broken_Money_-_Lyn_Alden. A stronger dollar generally impedes growth, while a weaker dollar boosts it. Lyn Alden is a full-time investor and independent financial analyst. My background lies in the intersection of engineering and finance. Lyn Alden Wiki/Biography (Gender and Education) Lyn Alden was born in an American family in 1988 in New Jersey, USA. Blue Chip Stocks 101: Overview. Criteria 5: The company generally has management with long tenures and a focus on long-term results. #9 Jan 4, 2023.