rick adelman, ceo of element financial-services joins me now with advice.how you some shocking numbers, my friend. i know we think. but ipos are outperforming benchmarks. this is according to renaissance capital. second quarter aristotle returns 21 percent. the s&p 500. >> what that data is telling us from when the stock went public until the present it has got a return of 21%. what they are not telling you is how the investors who bought the ipos fair because when people were able to get in the ipo the quickly made a fast profit and sold grabbing that profit even though the stock c rise. the rest of us bought it in the secondary after the profit went up. they did not get that 21 percent return. it is a huge difference between the message returned in the investor's return, and that data does not reflect that. gerri: i have to tell you, it is every game when it comes to ipos, particularly for small investors. let me tell you, if i was an investment banker to work that goldman and was one of their big clients, i would be happy to buy an ipo because i would be