No one wanted them. They were priced for liquidating value, and today the news couldn t be better, and stock prices, I think, by many measures have never been higher. So, you know, you have to ask wouldn t you have been better off buying and being bullish and being committed to this, you know, this completely hopeless idea of capitalism in 1942, and yes, you would have been. One very last, quick question. I believe that what will ultimately cause the next bear market is a very significant problem in the U.S. economy.
Profits don t just slow, but they actually collapse.
But let me make one point, and that is earlier in this decade we were more enthusiastic about equities than we are right now. In portfolios we were recommending 75 percent waiting in equities. We re down to a 60 percent waiting, so we have adjusted, if you will, the risk level in those portfolios. And, Mr. Grant, the consequences for people, just very briefly, who are watching this program if a crash were to occur. They would lose a lot of money.