and michael conner executive vice presses at pimco. >> thank you for joining us. good to see ya'll again. so we'll revisit some of our presentation from june of 2016. but we're going to set a couple stones first. one is, you know, how do we define risk and think about risk? most importantly how does that translate to when we set a strategic asset allocation? and then we'll have a couple of examples of what are some broad approaches that one can use to manage risk? we'll go through a couple examples there. and then, you know, additionally we'll focus a little more closely on buying puts and what a dedicated put-buying program would look like if it's done in a passive fashion. and to steal the punch line of the rest of the portfolio, that's not something we're generally supportive of. we think a strategic asset allocation is the best solution to manage the broad spectrum of risk that exists in the market today. focusing on just down side risk and many ways ignores the real risk of not meeting long-term liabilities. there's a return target and a return expectation. t

conner barwin went on the trip with him. >> yes but they didn't get a picture of him. >> there is a group picture. >> poor connor. >> michael, spain yesterday in paris. he is this with his brother. it is awkward when he beat them to get to the super bowl. >> there is a nice shot. >> yes great with framing. >> jason kelce was in manayunk for mardi gras with the mummers. he played saxophone. listen. >> so that was good time. people mad such a good time, at that event. >> can i just say i just want to live life like an eagles player in the off season. they are having a great time. >> when you win the super bowl yeah, they will all come back out of shape. >> don't say that. >> torey smith has been visiting schools giving talks doing a lot of great stuff. >> how much fun. >>> monday february 26th february's over. oh god. >> yeah. >> where did it go. >>> the life of joe paterno is now a movie. >> did you know about the jerry? >> hbo released a extended trailer, that focuses on the aftermath of the jerry sandusky scandal what the director says with how the movie judges the late penn state coach. >>> america loves black panter >> t