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To do anything that brings money into my household than taking it out of it. let me ask you another question that dovetails with what is in the latest book. you point out 2007 is the big year for tom friedman. that is one we should look back on. it seems innocuous from the outside. why was 2007 so big? >> what i point out, thank you for being late, in 2007 a whole bunch of things came together. the iphone came out in 2007. get hub the world's biggest software open source platform was started that year. airbnb was started that year, android was started that year. intel went up silicon for the f...

Ted cruz, i think, had an okay first debate but a really good second and really good third and it was only after the third that he saw modest movement in the polls. we ought to be careful about, you know, theseebp( debates are important inflection points. people get a chance to and it depends on what happens in the aftermath of those moments. carlie foreignna, everybody, i think, agrees had a spectacular first debate she had a very good second debate but she didn't have a second act in between those debates. down we have to be careful about reading into much into the performances of the debate...

Ted cruz, i think, had an okay first debate but a really good second and really good third and it was only after the third that he saw modest movement in the polls. we ought to be careful about, you know, theseebp( debates are important inflection points. people get a chance to dazzle and are just a moment it depends on what happens in the aftermath of those moments. carlie foreignna, everybody, i think, agrees had a spectacular first debate she had a very good second debate but she didn't have a second act in between those debates. rose to 15% and then dropped down we have to be careful about...

Put up. those are the obvious manifestatio manifestations. you have to look at him through a religious lens. he's a pure catholic. you see an inconsistency in terms of gay marriage. on the other side he seems to be sympathetic to the communist cause. he is towing the line of dogma. what has made him different is two things. one is he is doing inflection points. what do we care about? not what the rule is but how do we focus. that's been difference. he has become what we call himself a missionary of mercy. he's trying to focus people on way to take care of the needy and that seems more politica...

Macro dynamic. >> so you've got clients all over the country, all over the world, really, and if you're telling them, look, we're not done yet. we haven't seen this come to a head, what do you do if next week is a week of heavy selling? >> what we're not doing is not panicking. we are telling clients and we tell people generally do not panic. i think you also have to recognize when you have the kinds of macro forces at work we do, one of the most difficult things to do is at inflection points to make the macro calls. everyone's got an opinion but the degree of difficulty is high. know what you...