How Much Extra Return Does Apple Need to Be Given to Justify Being So Big?

When you look at a globally diversified portfolio, the numbers are just a lot smaller. I think it's like five or seven names are the top 25 %. It's gotting worse. Odo could do some back of the envelope calculations aso thike, how much extra return does apple need to be given you in order to justify the lack of diversification? And the answer to that is like, small. You know that when we did our analysis, it's less than ten basis points.