A, ye, that process is, it starts with ou o, what i described. And then in the implementation of it, the asset class and sort of acid aplocation component of it is now sort of well understood. I always said that people mis misinterpreted what david wrote as an am an homage to private kets and hedge funds. He believed that you wanted to be invested in equities and diversified. The problem was, if you start with owning u s stocks and u s bonds, and you want to diversify and have more of an equity orientation, anything else you own is going to be less liquid....
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