The election . Were primarily stock pickers, risk managers and try not to have make row view. We werent surprised nor would we be upset if the market was down a lot. We look for areas of real opportunity. Stock pickers, you have been in touch with the Company Since the election, are people feeling about Better Things . You know, i think there is some thought that there will be some change in certain areas as far as regulation related to certain industries, but for us, the idea is to find the handful, a small handful of investments where we think we have a lot of upside, not much downside and where we think were going to earn a good return if the environment in macrosense never changes. Its amazing when you do that and the research is right, its amazing how many positive surprises end up happening because you protected on the downside. Lets let people know what do you and how you do it. Half a billion in assets under management with just about 20 names, is that correct . 20 to 25 names,
The election . Were primarily stock pickers, risk managers and try not to have make row view. We werent surprised nor would we be upset if the market was down a lot. We look for areas of real opportunity. Stock pickers, you have been in touch with the Company Since the election, are people feeling about Better Things . You know, i think there is some thought that there will be some change in certain areas as far as regulation related to certain industries, but for us, the idea is to find the handful, a small handful of investments where we think we have a lot of upside, not much downside and where we think were going to earn a good return if the environment in macrosense never changes. Its amazing when you do that and the research is right, its amazing how many positive surprises end up happening because you protected on the downside. Lets let people know what do you and how you do it. Half a billion in assets under management with just about 20 names, is that correct . 20 to 25 names,
Directors agenda unless otherwise stated. Thank you very much. Madam clerk will you call number one. Number one is waiver of banner fee for banners of 300 from it is Mayors Office and the shop and dine in the 49 campaign. Thank you very much. We have oewd up here. Good morning supervisors. My name is Mary Ann Thompson and project manager for the mayors mayors the opposite and office of economic and Workforce Development. Shop and dine in the 49 is our campaign here in San Francisco. Soft launch in 2014, very well received by local merchants by merchant door oors and in particular Small Businesses. The program has expanded in 2015 to include a very robust website, very significant outreach which included 300 banners, 500 interiors muni cards and exterior cards andad bias in all of the San Francisco newspapers and a decorated cable car and a map. This local campaign is a project that has many stakeholders, in particular our stakeholders are the Merchant Association and it is corridors. T
Present. Ladies and gentlemen please join us in the pledge of allegiance. [pleage of allegiance] thank you. Before we get started with the agenda i would like to ask for just a moment of silence in memory of the 36 lives lost in the oakland fire at the ghost ship. At this time. I know members of the board will be doing and in memoriam later on during roll call but i like a moment of silence in their memory. [moment of silence] thank you very much everyone. Mdm. Clerk please either any communications . Yes mdm. Pres. Were directed to the public as Board Members are aware did yesterday december 5 22nd museum to communication at approximate 12 15 pm, former member of this body former supervisor scott weiner indicating his resignation from the board of supervisors representing district 8 is a tippy oath of office of the member of the California State Senate which precipitates a vacancy in the office of district 8. Thank you. Colleagues any changes to the october 25 i think 2016 Board Meeti
From 770 to 1,000. They see e strong trajectory from the retail to cloud. They say that amazon is so profitable, it is harder and harder for the company to find way t ways to spend all of the money. Separately, amazon announcing a youtube competitor called video direct, dennis, which has some irony in it, because just when the analyst says that they have run out of things to invest in, and here is a brandnew thing to invest in. I have known that jeff bezos for over 20 ways will find a way be it drones or videos. You cannot deny amazon as of late. The store riff to success is about the aws, the amazon cloud services, and if you are looking at the growth from that business, and the last quarter, they drew about 15 of the revenues and had about the same amount of profit as the rest of the quote, unquote amazon. Here is my predick is shun for you, at some point the performance is so great they have to spin it off as a separate company. That is interesting, and people would disagree with me