back ton diplomatic relations with cuba, i think ambassador pickering made a good point.ou do eventually need legislation and it's not just republicans in this case but it's democrats like senator menendez who were blind sided in opening relations, are going to be much more difficult to work with now when it comes to critical issues about lifting sanctions. should we or shouldn't we, it is much harder to address that issue given the way the situation has played out. >> ambassadors thank you for joining us. we appreciate it. >> you're welcome. >> that's all for now. the conversation continues on @ajconsiderthis. and you can meet me >> in jacmel on haiti's southern coast surfers aren't an unusual sight these days, but just a few months ago, some of these boys couldn't even swim. they're all part of "surf haiti", an ambitious project aimed at bringing tourists and their money to the beaches. joan mamique who runs the camp says surfing here is about more than just catching waves. samson jules, who was one of the first boys to learn to surf here, tells us the project has the p

next. >> and we're back with ambassador kurt volker and ambassador thomas pickering.hey are both joining us from our studios in washington. ambassador volker, there was the president pleading with congress not to pass a resolution. if the nuclear talks fail there's going to be an automatic set of new restrictions on iran. the president is saying, it's probably going to happen but don't stick a finger in the eye. >> that is his position, it's very important that he make it clear that that is his position and that's the way he views it. if a sanctions bill is passed it includes a provision for president to have a waiver authority, a national security waiver to say if negotiations are fruitful that he can waive the applications of those sanctions. it is making a play for sanctions really taking effect. what i see here is a difference of judgment between the administration and the republicans in cock about where we -- in congress about where we are in negotiations. the negotiations have slowed down around the nuclear program that they haven't been able to continue to deve

pickering foreign affairs fellowship and the charles b. rangel international affairs program are both highly competitive. >> demonstrate cultural importance, why it was important, what you learned. >> teddy taylor: according to our stats this serves as the best way for us to continue to meet our diversity goals. i'm not saying they assist us in meeting all of our diversity goals but these certainly are major contributing factors to our success in meeting our diversity goals. >> work with them. let them memtor you. them guide you. >> the bate department offers through opportunities through the rangel program one brings undergraduates to washington, dc for a few weeks every summer. >> where you do not agree with the president's policy but you still have to implement it. >> absolutely. >> teddy b. taylor: personally i like to see candidates who are very engaging very outgoing. they're inquisitive. diplomats need to be inquisitive you have to be willing to ask the questions. >> how do you go about? >> you show your resourcefulness and try and

and thomas pickering. both of them join us from washington and thank you both for being here .irst, ambassador pic pickering do you join the thought that a paris like attack is coming to the united states in the next six months? >> i don't know if anybody can know for sure, but quite wisely so, there is no perfect all-seeing eye here. we've so far i think held off attacks against the united states but one never is knows whether that's a permanent situation or not. it's seemingly clear that with the uptick in attacks inall around europe we can certainly expect to be a target. that's been clear by the people out there and against us. >> and ambassador volker does the policy need to change in preparation of the danger? >> i think in terms of protecting ourselves against attacks in the home land, i'm not sure we've ever legality up. and need to be as vigilant as possible approximates as ambassador pickering has said, we haven't prevented every single attack but we've done a lot and done a good job and need to keep that level of vigilance. overseas i'd like to see us take the fight

it is always a stock pickers market. i don't understand why next year should be different than last. with the quote of buying the tip. a 10% decline being the mother of all buying opportunities. in the bottom of the october in 2014 the market was effectively down by 10% or so. so i don't know that provides us anything necessarily different from what we saw late last year. with respect to myself -- we talk about the long end and the ten year --. i disagree with that. if you look at the shorter end of the curve. two year rates, three year rates they have moved in response to the higher probability of the fed rate hike. the further out part of the curve that's been a bit more of an issue to investors. >> two years have doubled. >> let me go back on term of stock pickers mark. what i should have said there is going to be a premium put on it. to my bio tech example, you could have bought any that you wanted and it was goingen u. the index has been up 30% in the last three year. it is not just a question of showing up and buyi

joining me is brendan greeley and leslie picker. us started. -- brendan gets a started. >> the euro hits a four or five year low against the dollar. it fell less than a dollar 21 after mario draghi says they may increase stimulus. there is still a risk of deflation in the euro area. that said, italian and spanish bond yields are falling. the spanish tenure is a record low of 1.53%. he was one of the most eloquent speakers of his time. a democrat who made the case for the party's liberal wing. former new york governor mario cuomo died yesterday, he was 82 years old. he served three terms as governor, and in his speech at the naturally four democratic convention compelled him into the national spotlight. he was considered a likely president joel -- presidential candidate. he ultimately decided not to run. the second time a plane was waiting to take in june hampshire to enter the primary. he died of heart failure just hours after his sun was sworn in as his second term as governor. search teams are still having a hard time finding the

look at vanguard they're charging 18 cents for every $100 to invest versus a fund run by a stock picker. that's a huge incentive for people. >> do the individual investors just get smart all of a sudden or is much of this money coming from institutions 401(k) plan administrators and the like? >> no you know it's been a slowly growing trend. vanguard's actually had a record year in the past but it's been growing up until this point. i would say the tipping point really came this year or in 2014 when you just saw regular stock funds just take such a performance hit. i mean more than 70% of them were underperforming in 2014. >> you know kristin, a lot of people though say this new year is going to bring with it volatility and that volatility really benefits the active investors less than the indices. what do you hear on that front? and might that tilt investors back to active fund managers? >> absolutely. i mean if you look at what happened in the market today, if you were an investor in one of vanguard's largest s&p 500 funds, you would have lost some today, right? so if the market contin

is now the time to be a good stock picker? >> you're asking a stock picker and my answer is yes. selection will make a difference. i think that's what happens as the market matures. being more selective and not just playing the risk on or arriving off trade. but selection i think will matter, increasing willy going forward. and particularly in the u.s.. >> how do you know what to select? >> well, we have a three stage thing. number one, just pure valuation. we tell that yyou that large ca more attractively valued than smaller mid caps. number two, dividend stocks are better than nondividend stocks because i think capital discipline matters a lot. low interest rates, companies do stupid things. and if you have companies that don't have a lot of money in their pockets because they pay it out in dividends, they will do less stupid things. and we like the consumer. we think companies that indicator to the consumer in a period of unemployment going down, wage growth going up, and a nice little benefit here with the gas tax -- i mean with lower gas prices, that should bring incremental

you said it's not important to focus on targets for the s&p, but a stock picker, right? david, you're sticking with 2250? you went into the year with that, sticking with it, and other people slash their targets. >> i might have to cut mine as well. targets are based on earnings estimates, and the truth is since the start of the year, it came down. into the year, estimates was 118, down to about 115, and 5 lot of that is oil which, on the backside of that, we get good benefits from that, but for now, i have not done it yet, but i'm cognizant of the estimates coming in. >> absolutely. >> for people to be successful, they get caught up in what dave or i say here, in, in fact, the markets are relocations centers, relocating from the patient to the party, and the plan is to have a plan and stick with it to figure out allocations. if you try to adjust what's going on short term, i grew up on a farm. it's like planning the crop, running out the next morning saying nothing's growing. >> it's not grown. >> i don't want to tear it up and start over. be careful. try to take health

leslie picker has just broken the story here he joins me from new york. this is fascinating. what can you tell us about the deal? >> what we have learned so far as they are working with morgan saks and -- goldman sachs and morgan stanley on a deal. it may be a battle of the companies east coast, versus west coast. >> tupac versus biggie? i don't think this is going down. with the private valuation of over a billion dollars? >> exactly. when you talk about the average float size -- we're talking about an ipo of 15%. that is a two point $5 billion valuation for this company. it is sizable. when you look at their business model, a kind of resonates where -- with where alibaba was. individuals making a profit selling on their site, which of course is easy to scale. their ceo told bloomberg news back in 2013 it is profitable. we've not seen their financial sense then, but if they are profitable, that could also be a plus. >> bloomberg news reporter leslie picker, thank you very much. shoppers dancing in the aisles for the first dotcom boom, but was it a biased? >>ust? ♪ >> i'm cor

. >> leslie picker spoke with aaron on the floor of the stock exchange earlier today. >> we have been building our business for the long term. we started the company 10 years ago. we have continued to develop that mission over time. there is annualized revenue. in the process, the business has been misunderstood. we sort of look like and feel like a consumer company. that is confusing. but we sell to enterprises. we help enterprises manage information, whether it is a hospital, a media company. the way we do that is, we handle all of the governance and security issues those companies have very it will make it really easy to interact with the end-user. >>, the key sticking coats -- point is your cash burn rate. the marketing and sales have been a big expense. how do you turn that around? dca path to profitability? -- how do you see a path to profitability? ask the vast majority of our revenues is recurring subscriptions. we have visibility into what our current cash flow looks like. we look at how aggressively do we want to spend to compete for new customers? existing customers continu

earlier our very own leslie picker spoke with aaron levie about how relieved he is the company finally got out of the gate. she asked him that very question. >> we started the company 10 years ago with a very simple mission. we are now at a $225,000 annualized run rate. i think the businesses been misunderstood because we sort of look like and feel like a consumer company and that is confusing, but we sell to enterprises and we help enterprises manage their most critical corporate information whether it is a life sciences company, and hospital, a media company, a service institution and the way that we do that, we do all of the compliance and governance and security issues, but we build products that make it really easy. >> in the 10 months you are -- your company has been public one of the key points is the cash burn rate. we are looking at $9.4 million of cash burn every month. how do you turn that around? do you see profitability? >> one of the unique things about our business model across the broader markets is the vast majority of our revenues are recurring subscriptions are it we

every year, we are told this will be a stock pickers market.tock pickers will do well this year and every year, we find that they don't. last year was supposed to be a great stock pickers market. 86% of fund managers were beaten by a simple index fund that ought the s&p 500 average. -- that bought the s&p 500 average. >> what about value investors? what about warren buffett who has been able to beat the venture mark? -- beat the benchmark? >> there is no question about the fact that if i say 86% were region, there is some who beat the market. there are a few. who have beaten the market over a long period of time. that has not in excuse experience over the last few years. it's like looking for a needle in a haystack. it is not that there is not anybody who can do it but it's virtually impossible to find the one who will be the market. when you try to go active, you're much more likely to be in the bottom part of the distribution than finding that one jewel. i say by the haystack. in other words, by an index fund. forget the needle, by the haysta

anymore than the government can say we're going to use pickering to select the solicitation speech of a congressman or state legislator. i think it is the context and the fact that the state has chosen to view its judges, via election. >> i would think it's just the opposite. right? that in the case for federal judges. like you say, this's really not much of an interest. who cares whether i solicit funds on behalf of my olds law school. it doesn't have anything to do with what rulings i'm going to issue, who i'm going to favor, who i'm not going to favor. in this case, the state can really come in and say, you know the things that we're objecting to the solicitations that we're preventing are exactly the ones that are going to go to whether this judge can be an impartial judge rendering fair verdicts. >> i think that's wrong on two counts, your honor. i think there is, again where the judge can know who contributed and can write a thank you note the idea that prohiblt pro prohibiting the judge to asking contributes in any way to the protection of that interest seems inconceivable. if

leslie picker with us, and this goes back to use of cash, yahoo!t absurd uses of cash that there is. >> $40 billion of cash is what we are talking about. that is what is up for grabs. they also have a stake in yahoo! japan, which is cash as well. >> my message here from leslie's observation on yahoo! -- it is not just about earnings, it is not as apple, apple, apple microsoft -- all of these other companies have cash. >> the way we can tie together both procter & gamble -- sorry olivia? >> 12% fx hit for procter & gamble, but the number jumping out at me right now is caterpillar lowering the forecast, probably white shares are down 6% in the premarket right now. they've adjusted the 2015 forecast to $4.75 a share from $966.50. things are turning very quickly. >> what ties these two stories together is companies were not prepared for america to be the engine of growth. there were so many strategies and it turns out the growth is happening here. >> it is true. we will have much more on the earnings coming out and also on this jorgen vig knudstorp --

brando comes up in a cherry picker, you know? this cherry picker gets right up next to me. who he is. i stick a knife in his throat, you know. he's telling me, explaining who he is. then during the middle of his speech he just was like, "my name is juan francisco. i am -- what? what? i can't hear you, caroline." and i'm like this with a sword in his mouth. [ applause ] >> what do you say to marlon brando? i just thought, all right, he's nuts. he's nuts. >> jimmy: it's good somebody's carrying on that tradition of nuttiness. we're going to take a break. when we come back the new movie is called "mordecai." we'll see a clip of that and more with johnny depp after this. [ cheers and applause ] >> jimmy: portions of "linebacker live" brought to you by dyson. new year, new clean without the hassle of the cord. it can't hold your gaze? who cares how tight it can turn, if it can't turn heads? who cares how capable it is, if it's incapable of creating a reaction? any suv can move something. but can it move you? introducing the first-ever lexus nx turbo and hybrid. once you go beyon

the zoo's previous super bowl picker the orangutan was 7-7 in his super bowl picks.uldn't be the raw meat they put in that. >> destroyed the helmet. >> of course he did. a quick look at the forecast. >> for the most part, most of tomorrow will be dry but i think especially as we get later into the evening as you're coming home especially from those super bowl parties maybe a little bit of a wintry mix but then warmer air moves in and it's going to be pretty much all rain. overnight sunday is going to be a rainy monday morning commute and then the temperatures drop. maybe a few snow showers as the system exits. it's going to be blustery, too. tuesday noticeably colder. 30 degrees. at least the rest of the workweek shout be relatively dry. >> we thank you for joining us. we'll see you back here at 11:00. >>> welcome to "world news tonight". measles outbreak. new case on an amtrak train. thousands of travelers at new york's busy penn station at risk. and just hours away from the big game, big worries in phoenix. can this contagious illness be stopped? >>> winter blast.

the long lasting picker upper you give... and you give... and then you give some more.ut sometimes you get. and so you take. tylenol® cold is strong enough for you while children's tylenol® is gentle enough for them. we give you relief from your cold and flu. you give them everything you've got. tylenol®. >>> time now for sports. claims of early findings in the nfl's investigation into the new england patriots' deflation situation. get this. according to espn 11 out of 12 of the patriots' balls taken during sunday's afc championship were underinflated by two pounds per square inch. that could make the balls easier to grip and catch, especially in the rainy weather they had. so far the league is not publicly commenting and the investigation could take several more days. espn says it's unclear what penalties, if any, may be imposed on the team which says it's cooperating with the investigation. nbc news has not confirmed the reporting from espn. >>> the nfl will be experimenting with some new rules for extra point attempts during sunday's pro bowl game. goal posts will be

pickering is out of town mr. driscoll mr. melberger ms. paskin-jordan mr. stansbury a quorum is present. >> (calling names) for any item not on the agenda matthew hawthorne following by david williams. >> hi that was a marsha hawthorne i believe and my icing apologizes. >> i attended the january 7th special at the board of supervisors to review the reappointment of ms. paskin-jordan i was surprised but pleased to hear he her tell the board she'll be a leader on fossil fuel for this pension plan we can't afford to wait for action the retirement board activated level one proxy voting 11 months ago that clearly has had no effect on the 2 hundred copies from the investment procedure in the meantime we're in the middle of a massive grauth drought we're witnessing the fall of oil prices on the effect of global warming because the of unburdenable assets the effect is much larger the short window of fund we have to protect the fossil fund is rapidly closings and this board is doing absolutely absolutely importing and exporting nothing it is long past the time for e

the long lasting picker upper ♪ taxes are your year, only much simpler. intuit turbotax. anything else than sit at a (cheers and applause) >> jon: welcome back. my guest tonight former npr correspondent, senior associate at the carnegie endowment, her book is called "thieves of state: why corruption threatens global security." please welcome to the program sarah chayse! (cheers and applause) >> jon: nice to see you! how are you? >> great. how are you? >> jon: i'm good! i have been waiting for this h! i have been waiting for this damn book, "thieves of state" about corruption. i feel like corruption is the most insidious, most widespread, least talked about issue in the 21st century. >> so i get a lot of criticism for focusing too much on corruption. >> jon: oh, then i agree with that, then. i'm sorry. what did did i say? >> i don't think it's the only cause of all the crises we have been seeing in the last couple of years. >> jon: yes. it's one of the causes one that nobody's talking about. >> jon: yes. that's why i wrote "thieves of state" about basically this one issue.

the long lasting picker upper . >> jon: you know we've been talking about president obama's speech lastight but for every state of the union which i think is the law of fisic, there must also be the post speech opposition response. and i'm excited about it. it means it's time to hand out this year's implode yeast. for outstanding achievement in unforced response speech error previous winners include dry lips mcgee. and crazy eyes where i do look? and old bobby [bleep] i'm going to jail. so who is going home with the implodeie this year? >> joni ernst is giving the republican spors. >> a tea party favorite. >> very strong. >> instant gop rock star. >> a woman who rides a harley. >> she grew up cass straight-- castrating pigs. >> trying to make them squeal in washington. >> jon: oh man gop is bringing the funk. without better than a hog ball bull dozein squeal generating harley's angel to grab the attention with vitality of the american people. take it away senator. >> grow-- growing up, hi only one good pair of shoes. so on rainy school days my mom would slip plastic bread bags over them

i take it from your answer and in applying pickering to government employee that the sitting judge can be restricted. >> no, i don't think so, your honor, because i think this is speech in a different category any more than the government can say, we're going to use pickering to respect the solicitation speech of a sitting congressman or state legislature. i think it is the election context and the fact that the state has chosen to choose its judges via election that triggers the protections -- >> but, you know, i would think i would think it's just the opposite, right, that in a case for federal judges like you say, there's not really much of an interest. who cares whether i solicit funds on behalf of my old law school. it doesn't have anything to do with what rulings i'm going to issue, who i'm going to favor who i'm not going to favor. in this case, the state can really come in and say, you know, the things that we're objecting to, the solicitations that we're preventing are exactly the ones that are going to go to whether this judge can be an impartial judge rendering fair verdicts

plus investors giving stock pickers the cold shoulder last year. $200 billion into passively managedds and pulling 13 billion from actively managed one. will that change in a down market? that's up next. >>> welcome back. will investors keep momentum going this year or can active managers stage a turnaround? mary thompson breaks down the numbers. mary? >> if i had a crystal ball i could tell you but let's do what companies that manage the active funds suggest you do before you invest. review past performance. numbers would give investors little reason to buy active funds. over 70% of actively managed domestic stock mutual funds, mid cap, small cap, large cap they underperform over a five-year performance. given the performance and charging about half a percent more in management fees than passive or index funds, investors have been shunning them over four years now. data compiled by investment institute shows clients pulling billions of funds since 2011 putting more and more money into passive funds. planner carrie carbanaro says they do well in an up market and the s&p up for five o

think this year particularly is the year when indexes will underperform or better off with a stock picker? >> well first of all, we would agree with your prior guest, mohammed alarian with volatility increase this year which will be good for active managers but we would take that even further and say the divergence you're going to see, the divergence between the u.s. and europe. the divergence between the fed and the ecp and the bank of japan and the divergence between the oil winners and losers in our own economy and around the worl the divergence will create opportunities for money managers. we think the opportunity set will increase this year. so active management should do very well this year. >> but how important is it for the individual investor to really know what is in that portfolio and how it's weighted? >> that's critical and i'll give you an example. when you take a look at the emerging markets, you can buy an emerging market etf which can be very good. we're not against etfs, but if you take a look at that we'd believe there would be a big divergence this year between the com

leslie picker is also with us. liz what was the big lesson that you learned in 2014?ere were a couple themes out of last year. it was the year of the jumbo ipo. that was really interesting. we usually don't get to play the calendar with large-cap companies. aftermarket performance was very strong. ipos outperformed the market by about 16% on average in the u.s. that attracted an interesting group of investors. >> i know there were rumblings. is the going to be enough money out there to sop up all of the shares? is it going to be the same in 2015? there is no aluiibaba. >> you are right, there will not be as many jumbo ipos. there will be smaller ipos. the backdrop is very constructive. we are projecting a 10% increase in all overall expected indices. that is a great backdrop. >> tell me what the pipeline looks like? >> we are hearing that a lot of the big deals did take place in 2014. 2015 will be made up of many deals, but they will be smaller in size. a lot of companies getting some traction for the end of last year, will pick up next year. shake shack is one that p

leslie picker has been following the story.have been talking about burgers for the last few minutes. >> it doesn't get better to do with that. the company wants to pay dividends to its inside backers. we are talking about union square hospitality group. most of those proceeds will go to the insiders. >> what we talking about valuation wise? >> we are talking about $568 million. we did a story saying they could fetch a $1 billion valuation. what i have heard is part of the strategy could be they priced it at this range and that gives them flexibility to raise it. if you recall the markets have been choppy. it's not the best environment for doing a deal. they want to come out as quickly as possible since they disclose their filing. they have a 21 day window. they hit that one on the head. >> there are a lot of restaurant change going public. there was potbellied. these have been successful ipos. >> almost across the board these ipos have surged on the first day of trading. we have seen 100% johnson the first day. that is a functi

you guys it sounds like are classic stock pickers. you buy something when you see value and you just hang on for the ride. is that the idea? >> well we are bottoms up stock pickers, that's right. and we're looking for high quality companies with good returns on capital, narrow range of outcomes good balance sheets a lot of downside protection. so we are, as you said classic value managers and so when something outperforms, we'll trim it back and when something underperforms, we'll add a little bit to it. >> i see a couple names here kevin, that you have brought. life point hospitals, cisco, and republic services. quickly tell us about these. >> okay. sure. life point is a hospital company with a broad footprint across the united states, and we think as people in the united states get better access to health care, either through a better jobs environment or through obamacare, that that will help margins and earnings at life point. >> cisco is thesysco is the largest food distributor in america. >> it fits our process very well. it's a

the rules that followed from the existing picker -- existing patriarchy also had clear male and female spheres, and these spears were not equally, but were hierarchically organized. in her statement requesting john to remember the ladies, she closed her remarks by writing " regarded\thth then as being placed by providence and make use of that power only for our happiness." the lens through which abigail viewed her world revealed a divinely prescribed patriarchy in which hurt -- it which it was her destiny to live in the domestic sphere under the terms of john adams's work and his choice of place, manner, and style. abigail excepted that world. she wrote "i believe nature has assigned each sex its particular duties and spear of actions, and to act well your part." at the same time, abigail was neither slave nor servant, and she knew that as well. she had leverage within the marriage bond, both with her character and john's. because the patriarchy existed in new england, it was does lexical. the physical magnetism that charged their early relationship remained and mellowed into tender fa

and so the court has said in pickering and other cases that the government -- whoever the responsible rulemaking authority is -- has much more authority to regulate the speech activities -- >> florida could regulate the already elected judge when he's running for re-election. >> well -- >> i think he could say we have a rule, judges don't solicit period. from charities themselves. so we have a judge he's a state employee. i take it that your answer and in applying pickering to government employee, that the judge can be restricted. >> no, i don't think so, your honor, because i think this is speech in a different category any more than the government can say we're going to use pickering to haven't the solicitation -- to respect the solicitation speech of a sitting congressman or governor. the fact that the state has chosen to choose its judges via election triggers -- >> but, you know, i would think, i would think it's just the opposite right? that in a case for federal judges, you say there's not really much of an interest. who cares whether i solicit funds on behalf of my old law sch

the long lasting picker upper and now try new bounty nfl prints. available at walmart. just tell us your budget and the "name your price" tool helps you find a whole range of coverages. no one else gives you options like that. [voice echoing] no one at all! no one at all! no one. wake up! [gasp] oh! you okay, buddy? i just had a dream that progressive had this thing called... the "name your price" tool... it isn't a dream is it? nope. sorry! you know that thing freaks me out. he can hear you. he didn't mean that, kevin. kevin: yes, he did! keeping our competitors up at night. now, that's progressive. >>> to the extent that you can bring up a purpose for beauty pageants, you could say its good to have people from p different areas meet each other. over the weekend, a miss universe selfie just about became an international incident. miss israel is alongside miss lebanon. now those two countries have been enemies since the formation of israel, and they're demanding that she be stripped of her stit -- title from mingling with the citizen. i was having a photo with miss. >>

>> reporter: president obama has been unequivocal in blaming north korea for the hack of sony pickersyear. >> the fbi announced and we can confirm that north korea engaged in this attack. >> reporter: but some experts remained skeptical, was north korea really capable? a newly revealed document provides a tantalizing clue. the document was posted online by the german magazine. it says we got the zero day out of passive and were able to repurpose it big win. that's computer jargon describing a zero-day program. what the document suggests is that the u.s. was deep inside north korea's cyber-hacking unit more than four years ago, and knows a lot more than it is saying publicly. >> some folks have suggested that we have it wrong. i would suggest -- i'm not suggesting i'm saying -- they don't have the facts that i have don't see what i see. >> reporter: the fbi says even before the sony hack north korea's cyber spies got sloppy more than once receiling their real internet addresses. those addresses were traced to an attack base of sorts. the area is suspected of a source of a highly suspec

it is an open model like uber where the picker uses a smartphone and uses their own car. >> absolutely. they can log in and out of work when they want to. you're getting at this idea of being able to deliver something to somebody and capture that data and create that customer relationship. the other piece that is a key strategic advantages they are already profitable, but you can also start to spin up newer cities faster. >> they are already profitable? really? that is interesting. is that what you want this early in a company? >> i don't think it hurts especially in this kind of environment. it does not hurt. >> interesting. look at all the cities that instacart is in, boston, new york, d.c., portland, austin los angeles. >> i'm a very early smalltime investor, but in the history of knowing the founders, and i have been with them for years, every time they have said something about their impatience and i thought in my head "no way" they have proven me wrong every single time. they think they know a secret about building a big independent company like uber. >> that would be an interest

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