The alpha, is in the surprises that arise from uncertainty. That's where you get the amazons and the apples of the world. And so we want to invest in the markets that have the conditions in place for that uncertain outcome to take place. The over value in the china market has been noted. There's been just huge overvaluation there. I'm always amused by the people who wantd the real authoritarians, who let's put tax rates up all the way.