Mr. Anderson: This is kind of an anniversary for us, believe it or not. The first time you interviewed me was 15 years ago in April 1993. We had come off of a small little recession. We had a brand new President, Mr. Clinton, and his wife was hard after the American taxpayer to say, "Let's buy some universal health care." Of course, being a little contrarian and true to form, I said it's time to buy our good drug companies. I guessed it would work out okay. The miracle is I'm still here 15 years later. That's wonderful. Anyway, a little bit about Anderson Griggs. We do go back a number of years, and we started out working with individual clients, which we still do today. We only offered a traditional balanced portfolio — a little bit of stocks and little bit of bonds — and tried to tell the world we were smart when, in fact, we know better than that these days. During that mid-1990s, there were some unique things going on in our industry. First and foremost is that the computer revolution had come through; it had done its job. We were able to get data very efficiently and very easily. Of course, that was the data mining time of the world and we participated fully, but some good things were going on. The investment banking community created the first ETF in 1993. I believe it was the S&P 500 SPDR, followed shortly thereafter with some of the sectors. In that period of time, from 1995 to 2000, we were developing, I think, a pretty good program allocating ETFs based on a quantitative approach that we still use today. However, our main push has always been our individual equity portfolios, and we run those pretty much the same way we did many, many years ago. We're happy, I guess, simply that we're still here all these years later.
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