we'll continue with jeffrey solomon. i have to ask, we have what could be the biggest ipo ever going public this friday on the new york stock exchange. alibaba, really interesting to see the change in sentiment. if you looked at chinese stocks two years ago, a lot of investors were cautious when it came to a lot of the names due to transparency issues, but tables seem to have turned and now people are more receptive to the idea of investing in chinese stocks chachlt has chan stocks. what has changed in your perspective? >> well, alibaba is an enormous company of all sizes and a lot of the company that is became public in the first wave and the ones that didn't work out were a lot small we are a lot less transparency. so i think it's sort of tough to compare alibaba to other smaller stocks. it's got a great market share and will do up credibly well. >> i want to dwell on alibaba, do you think investors in the u.s. understand the variable structure that all chinese companies have to go through to list in the states? >> i t