Over the past decade, Walmart has brilliantly turned its geographic location from a weakness into a competitive advantage against Amazon. Do you remember in 2016, when investors were worried about Walmart potentially going bankrupt and being overtaken by Amazon and its e-commerce business?
Walmart, I think Walmart was 50 times as much. I know that Cusco is at high levels. I think Walmart is trading at 40 to 50 times earnings. This is madness. It's difficult to build an investment case around this.