Your book, The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere, is all about active value investing. You clearly favor an active investing approach to stay abreast of a sideways market. I just had Paul Hrabal (President of U.S. One) on the program, and he manages an ETF that invests in global index funds. His thoughts are that while the S&P may have been in a sideways market over the last 10 years, passive investors have still benefited from a worldwide net rise in equity prices in that same time period. What is your opinion of that sort of investment approach? Is it worth putting in the effort to identify individual stocks at that point? Or do you think it’s just more of a question of whether we’re looking at an erratically different 10 years ahead in terms of the structure of the global economy, and what we’ve seen in the past?