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How to Find Value Outside of Indexes
I think a lot of this is just due to passive investing when money's flowing into indexes equally it creates this kind of pervasive you know it makes it more difficult for things to become undervalued. I interviewed Steve Bregman several months ago and he brought up the best place he's finding value right now is companies with low float that are not likely to be included in indexes but they have huge insider ownership. We've found recently we've been buying long short kind of Chinese companies that have a holding in another company so we've done that with Cine Weibo, Yahoo which is our Altaba and Alibaba among others.