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be remiss if we didn't talk about tesla or twitter or some of your other uh holdings can you can you opine quickly on what do you think about tesla and where it is right now elon musk's uh recent comments about the buildback better build bill bill a lot of bees but can you comment on that and twitter i know you recently i tend to agree with elon musk i i think more people understand now that the the electric age is here and so tesla is being rewarded accordingly it has the highest market share out there and it has even now four barriers to entry that other companies are having difficulty overcoming especially when it comes to battery technology and artificial intelligence which will lead to autonomous and that's now where tesla is undervalued you have to assume uh that uh the the autonomous strategy is going to work we assume in our three thousand dollar forecast uh that there's a fifty percent chance uh that uh that there that its autonomous strategy is going to uh play out uh and our confidence is beginning to increase now that the pilot test is taking place and you've got devoted tesla owners uh really identifying the corner cases that are uh causing problems for full self-driving so we're pretty we're pretty excited about that even its electric strategy should take the stock uh much higher than it is right now but we are gratified to see that others are beginning to understand this story and uh and that tesla is acting a little more fang-like than it ever has how about twitter that we've you know that you got to buy that and this i i guess not watch it every day probably there's a lot of a lot of headwinds well we we love so the new ceo we think has been had been working with jack closely on some of the new monetization strategies we think tipping will be one of those but there is a sleeper in twitter that we think most people don't understand we've moved into an age of nfts non-fungible tokens and they will need a verification platform uh nfts are all about scarcity and uh verification is a testimony to scare scarcity so i think twitter might play a bigger role in that realm and then well the the main reason we own it you know this uh we use it prolifically prolifically as you do as well joe uh and what we're seeing is that that this platform which used to be dominated by tweens teens and celebrities in uh 2012 when we first evolved our research ecosystem system has now evolved to knowledge workers and uh we found it we find it essential at arc to engage with the communities we are researching and actually to become a part of those communities this is a very powerful social network and if you're talking about knowledge workers you're talking about one of the premier demographic profiles out there so we think from an advertising point of view you've seen advertising turn around on twitter we think that's going to continue and we think more and more users will understand how essential this tool is to knowledge workers we all want to be transparent i guess i don't know sometimes i don't feel like being that transparent but is there definitely a correlation between transparency and stock performance and and i guess that's the rationale behind this new etf explain that to us yes uh so paul pagnotto who's uh ceo of transparency uh invest after the 0809 crisis began to study this phenomenon and of course 0-809 was all about the lack of transparency and so he devised an index and you can find the index on our website arc-invest.com which evaluates uh which are the 100 most transparent companies in the world so the etf is ctru c true uh has a nice ring there and um you know transparency has for arc has has been golden we're uh able to uh to have dialogues with our clients and prospective clients and anyone about innovation and we have had more coming back to us in terms of information uh at times than we have put out there because as you know we give away our research we are radically transparent in terms of giving away our research disclosing our holdings at the end of every day as all etfs have to do but also disclosing our trades at the end of every day and it has accrued to our benefit in many ways our invest has gone viral as a brand because we're willing to share and engage with our clients prospective clients but really anyone in terms of educating them about innovation the the the return from transparency has been huge for us







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