Value investing is a struggle and I would say it's a regular continuous struggle that we are all going through. We had to kind of modulate our frameworks so the areas in which we modulated our framework was that we had to bring in some amount of trading into ourframes frankly. China practiced counter cyclical policies at various points of time and did give you opportunities like 2015 and India also over a period of time particularly in the first half of 2014-19. In America if you followed an approach anything other than mode and decided that you will follow mode approach in value investing you succeeded, he says.