this is a pleasure full top bob haber -- this a pleasure. -- bob haber created in this.ston celtics which is the coolest ownership in professional sports. ll is with us. that's a mixture of equities and bonds, are the traditional models you use for decades at fidelity, can you use them today? bob haber: we can use of them but we are watching the relationship between rates and equity prices because our sense is that the big fear will be inflation. we have had a couple of long regimes and when you see rates going up and stocks going down, the market is beginning fear inflation. that has not been the case for 17 or 18 years. there was a case going back to the great inflation. tom: you are a giant of the mixture of equities. what you think about buying back shares and the idea of the dividend growth? is it a substitute? bob haber: i have not seen any studies. it would be interesting to see what percent of companies are buying this to excessively as opposed to giving the cash back to investors and letting them do what they want to do with it. we will always have a healthy dos