kroeger could improve their margins. it's selling fairly cheap. they've been buying back shares aggressively there are a lot of things to like about a kroeger i like verizon the sales are here it's a cash generating machine and with huawei getting a kick in the pants, if you will, there are some students for verizon. >> and charlie, you like the nonindex names >> we like kkr and blackstone. blackstone is convert to go a corporate structure so everybody can buy them great businesses we love the alternative. >> finally on this what do you think the damage has been and where does it leave us as we go back >> as i mentioned the last time on the show i think we are going to see a recession, that it will be self-inflicted. if we see a recession it's not going because because of the china trade tensions it's something domestically. somebody mentioned here that portfolio companies are saying, you know what, we agree with the idea of going hard on china. watch for a lot more earnings guidance saying, you know what, the china situation is hurting our earnin