tell us about how you can, what happened with the Wellington Fund.

Well, I tell these stories about the Wellington Fund because it's a great investment lesson.

And the theme of the book, Clash of the Cultures, is a speculative culture has crowded out the culture of prudent long-term investment.

And so Wellington Fund, that chapter is called The Rise, The Fall, and the Renaissance of Wellington Fund.

So we were a perfectly good little balanced fund in the 30s and in the 40s and into the 50s and even into the 60s.

A little bit better than average performance, largely due to our low cost, but not a huge differentiator.

We were a good competitor.

have realistic expectations in this new normal, what's a realistic expectation?