[applause] >> good evening, john templeton. we did a presentation for the curriculum committee in november about a new education that we'll call reunion. tomorrow we'll have a documentary about frin in silicon valley. and on -- about african-americans in silicon valley. and tomorrow, we will be presenting a documentary called "a king behind kings" about leroy king. so our point is that this kind of information is the kind of detail that would get our kids interested and address many of the achievement gaps that we see. but we see in action from the school administration making the information available. so those of us who have spoken tonight represent some of the longest serving institutions in the city. there are five black organizations that are celebrating their 160th anniversary, founded in 1852. "new york times" wrote about it. but it's not taught in our schools. so let's work together to bring our children up to where they need to be. thank you. [applause] >> so the next speakers i'm going to call on are dr. michelle clea

when i first came into the business, a preemminent investor named john templeton. one of the first things he said in the bear market of 1974, was buy stocks. single digit multiples, price earnings multiples. apple nigh nine times earnings. maybe ten or eleven. you have valuations very low. own businesses which is what you want to own in times of inflation. if you don't get inflation, you will do okay with these. >> i'm not saying 120% to 15%. >> that's exactly where i'm going. that's what i heard from bernanke today. and you are saying investors can protect themselves and that gets it to jeremy siegel's 15,0,500. >> if you get a modest up tick in inflation, the federal reserve will come down hard if we have inflation and we have the fed with our back in mind. we've got our back with respect to inflation and jobs. so that's the duel mandate. i think bernanke has done an okay job. mitt romney wants to fire him. at the end of the day -- >> the dollar will go up with inflation. >> the dollar will go up? >> don't forget -- you have to come back. >> the dollar has been g