“In this election, because of gerrymandering, there are only 38 competitive seats in the House of Representatives. It is quite possible that the Supreme Soviet, the legislature of the Soviet communist system, had a higher turnover in its legislature than the House of Representatives currently has among itself.”

…deciding elections in a smaller and smaller number of states. Now the biggest registration is among quote-unquote independents. And that is we have never had as many quote-unquote swing voters. Elections have never been this up for grabs. Talk more about that and what it means for today's election.

So 45% of the American electorate is now independents, the highest number ever. And the most interesting new data is around exactly what you said, the sort of malleability of voters. You know, we have this picture of America as totally polarized, tribal,

But that is changing. That's what I'm saying. South Carolina's in play. None of us, that would have been solid Republican just three months ago. Kansas is in play.

And a lot of these gerrymandering could turn out to backfire. Again, we'll have to see how the results come out. But you see, what happened with gerrymandering is they took a bunch of very solidly Republican seats, seats Republicans would win by 20 points, and they turned them into two districts…

In investing, we like to think there's such a thing as an uncorrelated asset, that if you buy a Japanese bond, it has nothing to do with buying NVIDIA. And the reality is over time, everything's become somewhat correlated because of global media. And if the guy has to sell bonds in Japan, that…