And probably about a foot of printed research comes in each day. There's always news developing, so we make outgoing calls on that news and on strategy. Also, Wall Street firms sponsor five or ten conference calls every day, so we're also involved in those. I do a lot of scanning. And I try to know the strengths and weaknesses of strategists, economists and analysts, including our own.
Someone can be hot one year and cold the next year.
So in the end you have to have your own outlook, and see how other people either support your outlook or take away from your outlook. If information and events confirm your stance then you look stronger, it adds to your position in the industry or company. So it's constantly being on the ball and on top of these things. I'm very lucky that I've been doing this for so long. It would be very hard for me to enter the business now trying this approach.