| nine equity portfolios real live money | 4.72 | Jump to 90.56 |  |  | 
              
                
                  | seven billion dollars we sold all of our | 5.119 | Jump to 92.96 | 
                      
                        
                      
                        MONEY
                      
                      
                        seven billion dollars
                      
                     |  | 
              
                
                  | of 2019 and the reason we did it is we | 5.68 | Jump to 98.079 |  |  | 
              
                
                  | run concentrated portfolios of 35 to 40 | 5.12 | Jump to 100.72 |  |  | 
              
                
                  | call for 2022 | 4.08 | Jump to 128.239 |  |  | 
              
                
                  | but ultimately we still think s p 500 | 7.2 | Jump to 138.64 |  |  | 
              
                
                  | closes that 5300 245 earnings and | 6.32 | Jump to 141.12 |  |  | 
              
                
                  | so brian um given that 5300 target that | 5.2 | Jump to 159.36 |  |  | 
              
                
                  | 5300 | 3.76 | Jump to 176.08 |  |  | 
              
                
                  | for 2022 is the year of the second | 4.72 | Jump to 184.0 | 
                      
                        
                      
                        DATE
                      
                      
                        the year of the second
                      
                     |  | 
              
                
                  | but we actually think the second half of | 2.8 | Jump to 212.4 |  |  | 
              
                
                  | one of the best companies in the world | 3.519 | Jump to 231.28 |  |  | 
              
                
                  | that's why we own apple across five | 4.159 | Jump to 232.64 |  |  | 
              
                
                  | different portfolios six portfolios i'm | 4.64 | Jump to 234.799 |  |  | 
              
                
                  | we do not think we're going to see five | 3.36 | Jump to 249.68 |  |  | 
              
                
                  | is saying four at we actually think | 4.959 | Jump to 254.4 |  |  | 
              
                
                  | it could be three uh especially given | 4.96 | Jump to 256.88 |  |  | 
              
                
                  | and read what i was writing in 1998 or | 5.68 | Jump to 322.0 |  |  | 
              
                
                  | even 2010-11 we were expressly critical | 4.321 | Jump to 324.639 |  |  | 
              
                
                  | didn't stop qe until 2014. i think this | 4.24 | Jump to 330.88 |  |  |