Today's top tech companies are the best businesses in human history

super alarming. I often say the leading tech companies that I was, I was just talking about are the best businesses in the history of the world. If you just look over a long period of time, they have shown margin improvement that suggests that is probably true, and that's, you know, that's on the left side of the page. So investors are paying for profits, not loss making growth, and that's a big contrast from 2122 era or sort of '21 era, and, obviously, a big contrast from a dot com. Adjusted for margins,