Mr. Russo looks forward to describing how that in his pursuit of long-term tax-deferred investment returns that he has favored investments in businesses whose global brands are well-position companies for reinvestment of mature market free cash flow into developing and emerging markets. Mr. Russo’s businesses accordingly possess the “capacity to reinvest” and managements who have the “capacity to suffer” when investments properly intended for longest term increase in intrinsic value on a per share basis burden as they often do, reported earnings in the near term.