three years later there up 34% which is great but no better them the new york stock shayne edge.e managed mutual funds had to pay the fees. >> maybe you have been smart and successful they just pick one thing they have the tendency to no one's talking pig goes up 30% to they will not take profits but if it goes down they will take the loss to say it did not work out. you could make it but in our building i have seen a lot of women wearing the big watches a bit everybody knows about them watching the show. where did you get it? did you buy the stock? no. at the same time it was obvious they were taking market share from coach over the last couple years michael kors is up and coaches down it is a no-brainer. something everyone watching the show any woman could have told you. it was not a gamble. >> but you dispute the data that shows the index funds funds? >> the main reason, the biggest problem with the fund, are you a football fan? do you ever watch a football game than one team comes out throwing the ball down the field and 28 / three then in the fourth quarter what do they do?