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condition of going in.

Are there people who have made serious money, or do you not know that?

I don't know.

You would have no way of knowing that.

No.

Do you think there is a future for, if not the AEA, for groups like this, in terms of an increasingly interdependent world market?

Sure. I think there's an enormous opportunity for other groups to do what AEA has done. But you've got to have a Carl Hess. It just doesn't, you know, come out of the soil. You've got to get somebody who's got the qualities Carl has, and he has to participate. Carl has participated handsomely himself. Nobody begrudged him that participation, but he gets a piece of everything AEA acquires.

I think you could probably go to the graduating class of the business school at Berkeley or at Stanford or Harvard and identify twenty-five of the brightest guys there--and that's not difficult to do--and simply say: “Before we graduate, let's decide someplace down the road we're going to do something like this and keep in touch and look for somebody that could run it, and as we make money individually we'll put it in the kitty and someday, when we're in senior management, we'll be ready to roll out the same kind of thing.” But you can't do it at