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So what happens in the beginning of the next year,
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year 3, well let's say our guy--so the hedge fund makes
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money and this time it made 3 percent,
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a crappier, sorry, a less good return,
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only 3 percent.
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I'm glad that's going to live for posterity.
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Only a 3 percent return, and so the hedge fund which
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ended the year at 1,307 now by the next of this next year it's
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made 3 percent on that so it's up to 1,346,
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so 39 dollars, 3 percent on 1,300
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so 1,346.
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Now of that who's got the money?