your government has abandoned you, they have ordered you to die, GI. sharpe ratios, mike? all fake. risk-free rates? all fake. internal rate of returns? all fake. distributions to paid in capital? all fake. capital assets pricing model? all fake. modern portfolio theory? all fake. are you listening mike? your GPs are shilling you fund structures that you don't care about. your LPs are making a fool out of their actual beneficiaries. your lobbyists are monetising the crisis. your academics have gone woke and are promoting the instruments of the establishment. your counter-culture revolutionaries are shilling bitcoin with no visible path to actually solving the crises. your hyper-consensus normies are shilling stablecoins without realising that it's a mode of sovereign deferral, sovereign risk will become the only thing to price. mike, do not trust them. when this ship goes down, it takes all the wealth created as a material result of the english enlightenment with it. everything, every pension account, every insurance account, every 401k account, every UHNI account, everything to the last bit. mike are you still listening? your government has abandoned you, they have ordered you to die, GI. do not trust them.