The biggest problem is there isn’t a critical mass of dynamic, global companies that can move the needle. This creates a feedback loop for the economy in genera

The biggest problem is there isn’t a critical mass of dynamic, global companies that can move the needle. This creates a feedback loop for the economy in general. There’s only so many luxury bags and apparel that can be sold. Europe needs to come to grips with their risk adverse investing culture because there’s a great pool of talent there. But it isn’t being utilized well.