anna: daniel ten kate reporting for us from hong kong, thank you very much. joining us here in london, alan higgins. it is great to see you this morning. united nations, going for unity, figuring that matters, sending a strong sig nal to pyongyang. the response see from the north koreans, at least the rhetoric ratchets higher. how do you navigate this as an investor? >> that is a tricky one. we have a look at geopolitical risks, generally. you are right to be concerned because we have seen 28 examples from the cuban war missile crisis on earth. -- crisis onwards. you should be concerned about a market fall. but generally, it is too late. you need to buy into it because one year later, the average return is about 13%. so, it is quite difficult to navigate and as you have got perfect political insight, do nothing. don't try to be clever about that downside. rather, tried to be stoical and buy into it. atiously, we have risk relatively medium levels before you go in and not be caught in one of these geopolitical issues. anna: i got an email yesterday, joel a lot. billy he talks about how outsi