the co-founder and ceo of iex, br brad. you were so vocal about that, let's talk about the retail investor and the fact that donald trump has said he wants to deregulate. that may be great for the business world, is it great for the investor? >> what's interesting is a lot of times regulation helps the incumbents and helps the establishment. they are complex and sophisticated, they have the lobbyists that find the way around the regulation. the regulation is designed to protect the interests of the everyday people. you can look at administration looking to deregulate and as long as they're replacing that with principled, high-level types of regulation rather than getting very specific, or even for every regulation, he's talked about taking away, for every rule you implement you take away two, as long as the ones we're implementing are standardization disclosures, more tranparency, will hold businesses accountable and you don't need to rely on specific and complex regulation to do that. so i think a deregulatory environment