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First off, Fritz has never been political in his presentations. He is what I might consider apolitical or non-political, whichever you prefer. My observation after hearing Fritz present to A4A perhaps 50 or 60 times (estimated) is that he does not favor any particular political party. One can "read between the lines" of what Fritz says at any time, that is true. But there is certainly no partisanship of any kind in his words. Also, Fritz is an equal-opportunity critic of fund managers, CNBC celebrities, etc