A Practical History of Financial Markets | Russell Napier

Russell Napier, welcome back to Hidden Forces. Dmitri, it's good to be back, and we're both surrounded by books. Yes. That's right. But your setup is way cooler. You've got four giant stacks of books in front of your shelves because it just shows you that it's overflowing. You're overflowing with knowledge, Russell, which is why we come to you. Overflowing with books is not necessarily the same thing as you know. I'm gonna need a bigger boat as, if I can paraphrase take that line from Jaws. Right. Right. That's right. So, this is actually not an episode. I said welcome back to Hidden Forces. It's not exactly an episode, and it's, in fact, the first time that I'm doing anything like this. And this is strictly a promotion of your course, A Practical History of Financial Markets, which I should note is listed under the title Advanced Valuation in Financial Markets on the Edinburgh University website. So when you go to libraryofmistakes.com to sign up for the Practical History of Financial Markets, you'll be redirected to the university's website to sign up for the course under a different name. So don't let that dissuade you or confuse you. You're in the right place. So back to what I was saying, Russell, we've promoted guests' work in the past. In small instances, we've run a previous promotion for you for this specific course that we're going to discuss today, and I've run similar discounts for the American Affairs Journal. And I cannot recall another instance where I've actually done this, where we've run an explicit promotion for someone else. And on that note, it's important to state upfront that I don't get any kind of financial benefit or take any kind of profit from this course or from any of the sales of this course. All of those profits go to your nonprofit that supports the library of mistakes and makes donations and conducts other charitable work in the field of financial education. However, I have and continue to profit from your mentorship, Russell, and from all of the conversation that we've had both on and off the air over the years and from the books you've written and your writings in the Solid Ground newsletter, which we're not here to promote today, but I have told many people this, that if I had to cancel all of my subscriptions except one, that's the one I would hold on to for dear life. Truly, it's been an incredible letter to get in my inbox, and I've been an enormous beneficiary of your thinking and of your writing over the years and our relationship, Russell. And it's had an outsized impact on how I've structured my own portfolio. So I've been an enormous beneficiary, and I'm grateful to you as are so many of our members and our audience members as well, which is why it's an honor to to get to promote this course to them and to offer …