looking at a manufacturer in malaysia, our ability to get information from understand the business, understanding industry, and that we have people all over the world that help us with a that individual sector risk. we have built of a tremendous amount of research over the last couple of years to try and be -- so we can provide -- >> how does a startup manager even try to compete? >> i think you can do it as long as you pick a niche and you are very much isolated towards i'm going to try to be the best in the world at that particular niche of the marketplace. i think beyond that, to try and tackle what is happening in the global i think is pretty darn hard. with one other funds cannot run the strategic income fund, i have hundreds of people around the world that are asset backs in europe, what is going to happen in terms of china and do we buy credit in china, you have got to be able to do that effectively. i do not know how you could invest in really create durable over time. >> all right, rick, great. we have a lot more we will cover within the next hour. what exactly are they doing inside blackrock? come back, maybe this is one of the reasons unemployment is