revolutionized the options for an investor i can take a million dollars and i can replicate a yale university foundation account in the billions because of these instruments now there's something about the insurance that requires people to do their homework at least investigate past the amount of time you would if you were going to go buy a new car and look into them dig into them understand them because they're different the sponsors are different the structures are different b.t.s. are a marvelous instrument they are efficient tax efficient cheap to trance transact in you can do it all day and all any time of the day do you think the growth speaks to the desire to trade on macrame is it supposed to and best an individual stocks based on their fundamentals well i think that that's a piece of it ok people people who want to trade the macro can do it with e.t.s. they want to do specific sectors or industry groups you want to buy the homebuilders for example because you think housing is going to recover you can go to one e.t.f. and buy the homebuilders in a in a basket and in that basket. you have a survi