I'd argue it's the opposite. We're coming off a decade of free money driving a second tech boom. If interest rates stay elevated, and value investing becomes v

I'd argue it's the opposite. We're coming off a decade of free money driving a second tech boom. If interest rates stay elevated, and value investing becomes valuable again, it will be interesting to see how the tech space transforms. When start-ups have to compete with money market funds or even treasuries for investor cash, things become orders of magnitude tighter and more challenging.