joining us now david trainor, new constructs ceo, and david leibovitz, a global market strategist atset management mr. leibovitz, we've got two davids, so i may stumble but we'll do our best. mr. leibovitz, i'm going to ask you to start first profits are one of the drivers of stock prices. the other driver is how much people are willing to pay per dollar of profit right? that's the multiple there. how do you separate the profitmaking companies that are priced well from the profit-making companies that aren't >> so i think when we think about the profit story going forward we see two separate types of companies that we think will be able to deliver quality and consistent profitability against the macro backdrop that we see playing out on the one hand we want to own companies that we believe have pricing power. in an environment where input costs are rising, whether those be commodity prices or other inputs, we want to own companies that will be able to pass along those higher prices to the end consumer and so that would be deemed to be a high-quality profit stream that we'd be willing