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The Next Bear Market Will Be the Worst in My Life
It sounds like you don't think any place will be able to outperform or remain unscathed if we have this sort of dislocation in global markets. You've always been looking at emerging markets. It sounds like you're you are sort of more concerned now than you've been in the past. I'm certainly I know we're going to have the largest bear market, the biggest bear market in my lifetime. 2008 we had a big bear market because it's too much debt.