What's Your Biggest Holding Now?

Kraft Heinz is still a terrific business. It's tougher in terms of the margin and the price negotiations probably to go through the actual consumer that has become a somewhat tougher passageway for all food companies than it was 10 years ago. The margins are still very good. They earn terrific returns on invested capital, but we pay too much in the case of Kraft. I mean, you can pay way too much for growing, but probably easier to be sucked into that.