underperformance equities news sort of omarosa will. people are grabbing as much yield in the fed truly purchasing assets. al capone diversification, what does it look like? can you walk me through where the next step goes? what is your suggestion schumer -- suggestion? >>? recognize the loss of balance does not mean that you will for you is reached year. if you're going to accept more risk, you have to know what your rumors tolerance is. it is not acceptable on its word and the whole conversation around alternative forms and diversification comes other ways which i can mitigate some of the risks i am taking on areas in my portfolio i am looking for upside participation, but trump gave the downside. looking across those seeps, that is how i really solve the problem. >> perhaps being defensive, would that be an example of what you are suggesting? >> is exactly right. there are ways to formulate defensive equity exposure. lastly, -- how you formulate those matters, because sometimes there can be -- that can undermine the performance of th