theret warren buffett type factors that people look at as a factor that can grow dividends over tichlt because they're very profitable, they have that potential to grow that dividend faster over time. so there are three largest holdings that we use. >> sometimes a big juicy fat dividend can signal that the underlying stock is not healthy. how do you avoid getting trapped in a situation where the company may cut the dividend or have the stock price just collapse? >> that's absolutely why i advocate for broad diversified basket. the risk of any single stock, yes, they can cut the dividend. you look at the market as a whole, there are few times when the market's dividends have fallen more than a few percent. it's been five years in the last 60 years where it fell. the financial crisis in '08 and 'o 9. certainly that was a big part. energy last year. the energy sector cut the dividends 10% to 11% on average. everything else in general has been growing dividends 5% a year on average. so that is why i advocate for diversified baskets rather than single names. >> jeremy, we leave it. there th