The Index Huggers Are Gone, Right?

Index huggers and the verys followers, they are failing because the e, t f, the index funs, are so dominant now. So you can't get much of a reward or build a business index hugging any more as a fund manage r se got really cane. You really have to beat the index, ah, to impress. The general quality has improved, and the fees have come down. I won't say that mucht for manage funds. But i do think more broadly, daniel, that temthe good phon manager, is great. That's it at its best.