Join Jeff Malec for another solo Six Pack episode of The Derivative, where he riffs on everything from the post-COVID conference circuit to bond markets, AI, and yes… public restrooms. Jeff contrasts the buttoned-up energy of iConnections with the beach-side vibes of Future Proof and asks whether meeting managers face-to-face actually improves allocation decisions or just introduces new biases. He digs into Florida’s great hedge fund migration and whether the tax savings actually pencil out, breaks down why the last five years have been historically brutal for bonds and what that’s meant for managed futures globally, and tackles AI’s deflationary potential, the “ghost GDP” thesis, and the governance question of letting a handful of private companies set moral guardrails for systems increasingly doing human jobs. On the lighter side, Jeff shares his experience racing Switzerland’s legendary Inferno downhill and closes with a definitive ranking of public hand-drying solutions. If you’re an allocator, markets nerd, or just someone with strong opinions about restroom hand dryers, this one’s for you.
Consider this episode a six pack best enjoyed in one long, thoughtful sip SEND IT!
___________________________________________
___________________________________________
From the Episode:
Roy Niederhoffer podcast episode: Making Market Music with Roy Niederhoffer-https://www.rcmalternatives.com/2021/03/making-market-music-with-roy-niederhoffer/
Citrini Blog post:
When Skynet Writes a Substack: The AI Doom Piece That Moved Markets https://www.rcmalternatives.com/2026/03/when-skynet-writes-a-substack-the-ai-doom-piece-that-moved-markets/
Dwarkish podcast (A.I.): https://www.dwarkesh.com/p/dow-anthropic
As We May Work (Taylor Pearson Whitepaper): https://taylorpearson.substack.com/p/as-we-may-work
Inferno Murren: The World’s craziest downhill ski race
https://www.youtube.com/watch?v=Pb8ICH_y9os
Check out the complete Transcript from this week’s podcast below:
Spring Six Pack talking Florida Conferences, Bonds, AI & Hand Dryers
Jeff Malec 00:09
Welcome to The Derivative by RCM Alternatives, send it. Hello there. Welcome back. You found the derivative which is actually sponsoring the uncorrelated conference in Puerto Rico this week. So while you’re listening to this, I’ll be down there recording a Live episode that you’ll get to enjoy next week. On to this episode, we dusted off the solo six pack format, no guests, no agenda, just me a microphone and way too many boarding passes. So grab some beers and settle in.
Jeff Malec 00:42
Okay? One the conference circuit in the allocators dilemma. So I teased it there in the open. I’ve been traveling a lot in the last four months. I’ve been through the following airports. Munich, well, we’ll put it. We’ll put O’hare and Midway our Chicago airports. Then Munich, Venice, London, Heathrow, West Palm Beach. I’m not calling it Trump International. Sorry. Denver, Zurich, Miami, Cleveland, I was diverted there with some thunderstorms. Vancouver, Kelowna, Winnipeg also diverted there. Toronto. Had to land there to switch crews. Newark, LaGuardia, Fort, Myers and Orlando. That’s not to brag that as a cry for help to all the traveling consultants and sales teams who do this year round. Props to you how it took me 44 hours to get home from Kelowna, British Columbia. I could have driven the nearly 2000 miles faster. So my big takeaway there is, I think we may have swung too far back towards in person everything after covid, but a lot of that travel was down to Florida for some the the conference circuit. So let me talk about the two big conferences on the Florida circuit. I connections and future proof. First, some data points on eye connections. It bills itself as the world’s largest cap intro event. And it shows, I think I had a meeting in booth 1745 that’s 1745
Jeff Malec 01:57
something like that. Yeah, it’s huge. It’s in the main conference center there, there’s over 1500 manager booths, some bigger Goldman and big manager booths. So price tags pretty steep for the managers, for the privilege of being in those little six by six booths for three days. I think it used to be better at the Fontainebleau used to go outside. You could get some lunch. They had seafood towers. They were carving steaks for dinner, just a better seeing and feeling. Now it’s kind of very transactional. The food is shunted off during the day into a side area of the conference center that felt like where hedge fund dreams go to die, and then most people just commute between their hotels or whatever, and the conference center, so you don’t get that community feel used to get with the cocktail parties and whatnot. And then I did hear some grumbling from managers who paid to be there and got denied food because they were 10 minutes late. That wasn’t working for them, although we did just have the managers on the last pod sing the praises of iconnections, and they built their business through that. So maybe it’s just me getting old and cranky. So contrast that with future proof. Future Proof it’s different animal. They’re catering to RAS it’s a bunch of ETF shops marketing to the ETFs. They’re doing 4000 plus attendees, 25,000 plus scheduled one on one meetings, special experiences. The events held right on the beach there, between sixth and 10th or so on South Beach, on the sand, which is cool. So there’s no suits. You’re in shorts. You’re in a golf shirt, flip flops, sunglasses. So just to me, the difference I connections, was guys in suits trying to survive the day. Like most conversations when you get in the booth started with how you doing? You surviving? Like, yeah, three more to go. Where future proof is. People heading to the booth, where you can hold and pet puppies. Then over to the spin cycle thing with a blender attached, where you can mix your own Margarita and get a little exercise. So, long story short, I think I connections could borrow a lot from their playbook. You’re both down there, maybe you do a deal with them, and they could have the same beach setup that lasts for two weeks. Anyway. All that’s to say leads me to a little bit of a deeper question. I was debating with some people down there, should you actually meet your managers, right? I was down there. You’re meeting with tons of managers. You’re looking at allocating to them. You’re meeting them face to face. My brain went to a little bit of like along the lines of, never meet your heroes, maybe never meet your quants. Either. It’s hard to take the human, my human self, out of the equation, right? Best practice is to meet face to face. Do office visits, all that. But what if you don’t like the way they dress, or they might smell or pronounce certain words? All that kind of builds up this bias in your head, which it shouldn’t. But so be it. Some firms do this with a no Asshole Rule. No matter how good the numbers are, if they don’t like the person, they’re out. Some just say, Forget about the person. I just want to see the numbers doesn’t matter. And some are totally into the person and the numbers. I’m torn. It’s hard for the right person to overcome bad math. I think you could be the nicest, greatest person in the world, but your returns stink. You’re probably not getting the allocation. But I think it’s easier for the wrong person to overcome the wrong person to bring good math down, bring good math into question. You might say, yeah. Really want to work with that person or whatnot. So whether that should affect how you allocate capital is a real uncomfortable question with no real clean answer, just a little sliver in my brain for you all to think about. Quick side note on iconnections This year, because there was one image I can’t shake quest partners or alpha quest as they rebranded too. They shut down in end of January, early February, after a 25 year run and with 2 billion in assets, you usually don’t see $2 billion firms shut down, but I’ve had clients with quest. Nigel has been on this pod. I thought of it as a great shop dedicated to positive skew and kind of long volatility investing, maybe in this fed puts just buy mag seven world that’s all kind of feeling negative skew. It didn’t work out, but sad to see anyway, they had shut down, but they were also had prepaid were going to I connections, so I connections didn’t get the memo, where nobody at Quest bothered to say, take our stuff down. So there was an empty booth sitting there at iconnections with the quest branding. So there was nobody home, just sitting there in the middle of all the other 1700 booths full of managers pitching their hearts out, was like one of those frozen bodies on the way up to summit Everest, where everyone just hikes past because they’re too tired and can’t carry the body back down on just a brutal reminder that this business eats people. You can even be a $2 billion firm with a 25 year track record and still, still end up as an empty booth at a conference with nobody stopping, nobody putting flowers. The meetings just go out and around you. It’s generally haunting.
Jeff Malec 06:38
All right, beer two, the Florida invasion. So spent a lot of time in Florida, a meeting these two other conferences. I grew up there. As most you may know, Vero Beach a perfectly sleepy town far away from international airports and all the South Florida action or we could get just in the right amount of trouble. So I think vero is still mostly burger, but from West Palm south through Miami, the whole stretch is being invaded by hedge funders and financiers trying to save on New York and Chicago taxes. But that’s a well known story. But what blew me away this trip, and I saw it with my own eyes, cranes. And this was mainly in West Palm but cranes everywhere, entire blocks getting torn up and rebuilt listings that numbers that would have been laughable five years ago, and a lot of it traces back to one guy, Steve Ross, who’s the man behind Hudson Yards, the dolphins Miami, grand period. He’s basically trying to build a second Manhattan, it seems like in West Palm through his new group related Ross, he’s looking to pour 10 billion, I think, is the number there a minute to get 10 billion into roughly 70 acres down there, office towers, condos, hotel rooms, the works. So he just broke ground on a 28 story condo building, and late last year he locked up 700 plus million in a construction loan for two office towers. The man’s 85 years old, and he’s building like he’s got somewhere to be, and it’s not build it, and they will come like the tenants are already showing up and lining up. It seems like Goldman, JP, Elliot, Citadel icon. They’re all based on Florida’s east coast. Now, I think one number have here in my notes, they’re managing something in the neighborhood of 300 billion. So the real estate market down there reflects it. Sitting with some friends in the real estate business, prices have doubled or tripled in a lot of areas. People are flipping houses for five to 10 million without blinking. And honestly, some of these hedge funders might want to quit their day jobs and switch over to the real estate license. You know you have prices. Commissions have ticked down a hair, but prices have tripled. Seems like a pretty good trade. The same friend summed it up pretty well, saying these people have a lot of money and not a lot of time where price is not a concern. So that’s not my main thing. I’m I was struck by, I don’t know if the migration is all upside, kind of the same thing we talked a few weeks ago on the open snow pod. If you tell everyone where the powder is, pretty soon there’s no powder left. So same thing here, it seems. If you tell everyone where to go, save their money on state income tax, but your house costs three times what it did. You can’t get dinner reservations. You’re sitting in traffic. Didn’t exist. Schools have been become a real sore spot. We used to be one of the only private schools down there, St Edward’s, where I went to high school. People come from Stuart, from Melbourne, all over there’s some good ones down there in South Florida, but they can’t meet the demand. So a few of these billionaires are pouring money into building new private schools good enough for their hedge fund kids. But that just tells me everything you need to know about how planned out this was really and just to me, at a certain point, you’re not saving money, you’re just spending it differently, right? If you’re Ken Griffin, sure you’re saving 10s of, if not hundreds of millions of dollars. Life is good. But if you’re a mid level PM, or someone who just works at the fun you pulled your kids out of good school and moved to Boca because the founder wanted palm trees. I don’t know if that’s going to work for you long term. I’d love to see that spreadsheet of how that’s working out. Of course, I’m the guy who willingly endures Chicago winters, so maybe I’m the crazy one. One more on. This visited a couple firms down there. You’ve got guys in shorts, tank tops. It was just a weird vibe. And kind of the whole thing summed up to me is it feels like the whole hedge fund industry is having a bit of a midlife crisis. Bought the convertible, moved to the beach, unbuttoned the shirt, a few too many buttons. So be interesting to watch from afar how that all plays out down there. You
Jeff Malec 10:28
all right. Beard, three, what the f, w, T, F is going on with bonds? I was beyond shocked. I was amazed, whatever the word is. Last month, when we started dropping bombs on Iran, you had stocks down, oil screaming higher, and everyone’s favorite, all right, pack three bonds. What the f can I swear on here? I’m not big swear, so I’m just gonna let it. Let it go to BTF is going on with bonds. It was really crazy to see that Sunday night, when markets opened after we started bombing Iran, you had oil screaming higher, stocks down, and everyone’s favorite flight to safety us, treasuries were down, rates were up, and what felt like a world war three preamble, no one had on their bingo card. Bonds being down, I don’t know. I don’t think I was in anyone’s models, but there we were. War began, and rather than falling, 10 year, Treasury climbed from basically four to 4.3 ish, I think it went about to four and a half in march before falling back down to that 4.3 you know, really, they’re saying, hey, if oil is going to be so high, it’s going to cause inflation, we need to raise rates. So it’s a inflation trade, I guess. But weird to me, this is just the latest in what has been a historically brutal stretch for bonds, right? We can talk about 22 we can talk about the rest of it. If I look at some ETF proxies, seven to 10 year treasury ETF is down last five years. 20 plus year down the last five years. Aggregated us, government bonds down the last five years, international bond ETF down the last five years, so it has not been a good place to be. But here’s the thing, in our world, managed futures world, people may not fully appreciate, bonds have been massive fuel for managed futures returns for decades. Go back through some of the great CTA runs late 80s to 2000s GFC, and you’ll find bonds doing the heavy lifting and trend following over and over again. And we’re not just talking US Treasuries, managed futures trade, global bonds, us, German booms, as they call them, Japanese government bonds, Aussies, Canadians, UK gilts, Spanish debt, so on and so on. It’s one of the largest sector allocations because it’s so liquid, and there’s so many of these good markets that you can express the view in and when bonds are working, they trend beautifully across all of these. You don’t need them all working at once, but usually there’s something trending, and it’s just been a really choppy, sloppy past five years in bonds. 22 was actually exhibit a for how well this can happen, right? Sock Gen CTA index put up one of its largest ever returns that was mainly driven by the historic rise in rates, you know, kind of the inflation scare there. But since then, we just whip sawed. We kind of moved down to that new rate reality, and now we can’t seem to either keep going with rates higher or get back to the old one. We’re just stuck in this range bound thing for five years. So the numbers bear this out. In a way. It’s honestly hard to believe we went and looked at stock Jen’s trend indicator data. Looked at their bond contribution to overall portfolio back to 2002 so the average four year contribution for bonds to the portfolio has been roughly seven plus seven. The worst four year stretch ever recorded was minus six and a half, but 23 through now. 2324 2526 I’m assuming 26 is a full year. Can ding me on that, if you want, but these last four years, including the half, 26 is minus 28 this isn’t just bad. It’s off the charts bad, never before seen, bad, four times worse than previous. And flip the sign from what the average four year thing is. So if you’re frustrated with your man’s futures performance lately, I know many of you are, look no further than your friendly neighborhood bond salesman. That is the main culprit, right? These trend followers have been grinding out good gains in oil, gold, cocoa, the dollar, and then just watching bonds eat all that and then some to take us back to basically even over the last four years. One last note there we’ll put in the show notes. We did a pod with Roy Niederhoffer a few years back. He was banging the drum that the right basically had 30 years of bonds going up, rates, lower, record low rates. That was a great trade for trend. He was saying that if you flip that, if you just flip that chart on its side and say, now it’s 30 years of bonds going lower, rates higher, right? If it was just the mirror trade, he’s like, managed futures would not do as well, because you have roll cost. You have all these issues. So go listen to that was interesting. I don’t think that’s exactly what’s happening here. I’m. Don’t think he was wrong, but what’s really just happening here is it’s hasn’t found a new level. It’s been too choppy. So anyway, will this continue? Surely, not forever. Does it suck? Yeah, greatly. So,
Jeff Malec 15:21
all right, beard for AI. I said last August in that solo six pack, you can’t have a podcast and not talk about AI in this world. So we’re going to talk about AI. I’ve probably 10x my use from last August, when we were talking about it, and I thought I was a heavy user. Then it’s just become part of my everyday life. But beyond me, in the last six months, you’ve had right a sub stack post crashed IBM stock Citadel came out, tried to talk everyone off the ledge. An AI podcaster asked a good, important governance question nobody’s answering. And the way I actually do work, or the way a lot of us do work, has changed more than I think it has in the prior decade. So back in August, I said, the end game for the AI race, to me, seems to be massive deflation and real trouble for the consumer economy. I still believe that, but somebody named citrini turned that thought into a full blown horror movie. So in February, citrini, we’ll put it in the show notes. Citrini published the 2028, global intelligence crisis, a sub stack. It kind of trace. Kind of took my naive thoughts, I’m not taking credit for it, but basically took that same thought, that this is deflationary, and put real numbers behind it. Said, Okay, what? Which sectors, which countries, which things are likely to get affected the most by that? So basically they’re saying agentic. AI takes a step, function, leap. Companies automate. They slash head count, the s, p rips at first, but real wages collapse underneath the Michael burger of
Jeff Malec 16:51
The Big Short trade. Actually put it out on X said, and you think I’m bearish. So IBM fell 13% when that came out. I believe they got 16 million views. Wall Street Journal said it was a accelerant of investor anxiety. So anyway, they’re talking about their even if AI succeeds, and those companies are making a month a bunch of money, and even if overall GDP is high because of that, they’re calling it ghost GDP, and you’re not going to see it end up in the accounts of the actual consumers that need to buy stuff. So problematic. So citrina came out with that great thought piece. Two days later, Citadel comes out publishes a rebuttal, basically saying, hey, software posting, job postings are up 11% AI, adoption is remarkably stable, right? It’s not seeing an upward hockey stick. They were saying Keynes underestimated the elasticity of human wants. But really, to me, it was just kind of this classic argument of, this is the loom and new tech creates new jobs. Everyone relax. My guess that argument’s been correct for 200 years, so maybe it deserves respect. But kind of for them to say, relax, everything’s fine, from a market maker that profits from continued confidence and trading and all the rest didn’t seem exactly disinterested. And more importantly, I think their analogy breaks. I think this is more than the loom. The loom replaced your hands. AI is coming for your judgment, right? So fundamentally different kind of displacement. So next step there, good podcast. I put it down there from dworkish. I think it’s called the dworkish podcast. Yeah. So he he had a thing that was around anthropic saying, no, they’re not going to help spy on citizens or whatnot. So that brings up a whole supervision debate. To me, it wasn’t about the supervision. It’s more about if AI is replacing human judgment in certain cases, who decides what the morality of that judgment is, I’m leaning on my philosophy background here. But, and you can say, like a lot of people say, it’s just brute force, there is no morality in it. But for sure, right? If you have automated car, if it has to hit the school bus or run over the old lady, there’s a decision there. That’s the classic one. So who sets those moral guardrails for systems that will be used by field generals, er, doctors? Eventually almost every worker in every sector, right? What’s the kind of base code that that works its way through those positions? So right now, the answer is, a handful of private citizens and private companies are writing those base morals. And dworkish does a good job of asking, like, is that? Is that what we want as a society? So go listen to that raises a lot of interesting questions, right? And even I feel like the AI leaders themselves are begging to be have oversight for this, right? Anthropic founder Dario said its technology is similar to nuclear weapons and needs regulation on that scale. So anyway, we have the deflation, see host, we have a governance crisis. Lot of hand waving about the future. Our old friend Taylor Pearson, brought it all back to earth with a piece called, as we may work, which we’ll put again in the show notes. And that’s a look at what’s actually happening right now on people’s desktops, and kind of how we went from and I love what he says. Like the original AI chat was like, fit the movie 51st dates. Can’t say it was a great movie, but it works in this case, right? Right? 51st dates. I don’t know what happens to him. Adam Sandler, he like bangs his head, and every time he goes back out with the girl, it’s like they’re dating anew. So those initial chat windows were like that, right? You had to start over and say, here’s what I’m doing, here’s here’s the new here’s what I need. But now with Claude co work, even Claude code, they’re not about answering one question. They’re restructuring knowledge work. So the AI is reading files. It writes files. It can write its own memory, right? It’s learning your practices and gets better at your specific job over time. So it’s like a junior analyst who actually learns on the job. He has another good example from some guys in New Hampshire who beat some chess masters in what was called freestyle chess was letting them use machines online. And they beat these guys not because they’re better chess players, but because they could better interact with the machine. With the wasn’t quite a but with the with the chess machines, chess skill. So that’s kind of least, right? That’s the new skill. Will be, who’s the best at the prompts, who’s the best at using it and collaborating with it. It’s not necessarily going to be about the skill. So the numbers are real. AI agents cost six to $7 a day, versus four to $500 for a knowledge worker. 4% of GitHub. It’s already authored by cloud code. It’s projected hit 20% by year end, and then just proof in the pudding on the day anthropic launch, co work service now fell 23% Salesforce felt 22% so there’s real companies and real things at stake here. Last bit here. Side note, I built out a small dashboard to track all the items in the citrini piece and the Citadel rebuttals using AI. Of course, I think that’s a good way forward. Of like, if this deflationary recession comes to be right, you’ll see that rapid increase in AI usage. You’ll see job postings start to go down, even if the stock market’s looking frothy. You could get some clues in there.
Jeff Malec 21:58
All right. Beard five, quick palette cleanser if you’ve heard the rumors, or if I mentioned to you at one of these conferences, yes, it’s true. I was in Zurich. I will technically Murren, Switzerland, to compete in the inferno race. All right, I’ll put a link in the show notes to a nice little video about this. But Inferno race called world’s oldest and longest downhill ski race, a British chap, sir Arnold Lund of the Kandahar ski club started it him and 16 other British skiers, including four women, did the very first Inferno back in 1928 and it’s basically been going on ever since then, maybe a few years off for World Wars and whatnot. But you’re there in Mir, and you go up top, start at the top of the shield horn peak. And when you’re doing the full course, it’s over 6500 feet all the way down to the valley bottom, or about 15 kilometers. Climate change, recently, they’ve had to cut the course in half, so you only do the top half, basically, which is what I did, which was about half of it seven and a half kilometers. So anyway, we’re talking me in a full downhill skin suit, 207 centimeter racing skis. The whole thing actually, competing hit 67 miles an hour, finished as a top American in the 50 to 60 year old bracket. Sorry if you thought I was in my 30s and got a silver badge for being within 20% of the winner’s time. So I don’t think of myself as someone with a big ego. I’m not. I’m a Midwestern kid, even though I was talking about growing up in Florida, but here I am on a podcast telling you about this, and damn if I didn’t send race photos to nearly every human being I know. Few Uber drivers out there might even know my split times. So it’s weird for me to be talking about it, but maybe it’s the months of hard work. Maybe it’s stepping out of my comfort zone, although some of my friends would probably say screaming down a mountain at highway speeds is my comfort zone, fair point, or maybe it’s the irony of spending my professional life telling people to manage their tail risk and then voluntarily hurtling down a Swiss mountain in spandex. But anyway, thought you should know so do as I say, not as I ski.
Jeff Malec 24:02
You. All right. Last pack, a fun one for you all this traveling and think about this industry right between conferences, airports, hotel lobbies, steakhouse dinners, we spend an ungodly amount of time in public restrooms. It’s a weird thing to say, but every one of these stops involves washing and then drying your hands. So in my very travels here, over the last few months, I’ve kind of mentally came up with a ranking of the best hand drying solutions out there. So we’re going to go from worst to first, top 10, dead last, number 10, the continuous cloth towel loop, right? This is a depression era artifact. Who designed this thing. You pull it down, receive a section of damp fabric 4000 other men have already used. You might get the last six inches Brown and moist. You leave with wetter, sadder hands than you started with, plus maybe ringworm nine, the classic push button, warm air dryer. This is one in high school where someone scratched out. Push Button, receive dry air, and had it say, push butt, receive whatever. Anyway, you receive that gentle wheeze of lukewarm air, roughly equivalent to a golden retriever breathing on your hands from across the room. Stand there for a while. Give up, wipe your hands on your jeans, eight the two hand. Pull down paper towel dispenser. Sometimes, when this thing fails, I put it at 10 as the worst, because it is terrible. But you know that one where you have to pull exactly with perfect precision both both your hands at the same time. Your hands are wet. You don’t have good grip. You rip a single like little guitar pick off there. I mean, you’re clawing at it. Nothing works. Wipe your hands on your pants again. Seven, the tiny single, full brown recycled paper towels. These aren’t terrible. They’re there. They do the job. Probably not great for the universe. You use like, 30 of them and then throw them away. The biggest problem with them you get wherever they’re put in that trash can, bunch of water on the ground anyway. Not bad. Six the built into the sink, dryer. This is a new invention that I don’t think needed to be invented, right but now you have the soap, the faucet and the dryer right there all in the sink, but you’re trying to dry your hands where there’s water all around. Someone saw a TED Talk and thought that’d be a good idea. I don’t think it really does the job for me. Five, I don’t know if this should be five, but five is that old school crank handle dispenser. I kind of like it because you kind of feel like you’re doing something, like you’re starting, starting a Model T or something for the motion sensor, PayPal tower to sensor. I think this is actually where I started to think about this, because at I connections at the Miami conference center, the drivers are low and you didn’t, you couldn’t tell if it was one of the polls or if you had to put your hand in there. So you see people putting your hand in there, but you would wave it. Nothing was happening. Wave again, nothing. Cup your hands under there, like you’re getting communion. Wave frantically. Nothing’s happening. So feels like you’re in an abusive relationship, and that machine has all the power three, the original Dyson air blade, where you kind of put both hands into that super skinny slot, way too loud, way too skinny. You felt like Luke Skywalker having to hit the exhaust port on the Death Star. Way too skinny. Have to perfectly get your hands in there. But did a good job. Dry. Number two, the accelerator, I think, is called that wall mounted jet dryer. This one’s good, but super loud. Can’t hear yourself think babies are waking up in adjacent buildings. And lastly would be the newer Dyson air blade. No terrifying sight, just hold your hands under and water gets blasted off like a wind tunnel, kind of the sports car of hand drivers, and that’s it. 10 hand dryer solutions that you never thought you needed to know about. All right, that’s the show. Thank you. Quick six pack, and we’ll see you next week. Peace.
This transcript was compiled automatically via Otter.AI and as such may include typos and errors the artificial intelligence did not pick up correctly.
