So, I'm saying invest strategically. I think that you want to go to countries that have top-rated banks if you want to minimize the downside. That will turn out to be an extremely important factor. That basically means that you will not go to emerging markets, but you would go to Taiwan, Singapore and Hong Kong. I have never complained about exchange rates.
People look at the yen-dollar rate over the past three years.
We have gone from a world where Japan was about to go totally dead to one where they're back to life, not big life but some life. I'm not surprised that the exchange rate moves by a very substantial amount. I think the same is true for emerging markets. You come back three months after a crisis. Once the damage is known, the real exchange rate hasn't moved that much.