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The ones that go up all the time and barely ever go down on rare occasion when theres a marketwide pullback like we had this morning s p edging up, nasdaq gaining 3. 7 from a very ugly opening. You have to buy these up stocks. Buy, buy, buy, buy, buy hanover fist. In a market like this one that has a hard time staying down to begin with, even with a weak jobs number or a president that seems determined to overturn the election, hes not going anywhere, the up stocks just wont quit back at my hedge fund where i compounded 14 for 14 years id sit down with my staff and say, okay, give me your best stocks, the up stocks, the ones that never seem to go down. I want the unstoppable ones. I dont even want to know what they do, i just want them the staff would be incredulous there would always be a young whipper snapper saying, whats an up stock . Thats not our usual methodology. I adopted a no more mr. Nice guy attitude, like id ever been nice so i just demanded they give me their up stocks or ....
It specifically carves out the ability of the city to pass further types of restrictions with respect to other units, so thats something we can continue to legislate on in the future. Vice president koppel commissioner richards . Commissioner richards thats a great thing, but i dont think we have anything written legislatively that says when you demolish a rent controlled unit that youve got to replace one. Commissioner hillis but weve still got that discretion. Right. And sb 330 requires a replacement unit in that place, and we can back that up or do it a different way. Commissioner richards i thought it had to be law. Thanks. Vice president koppel just a couple comments on my side. These arent addressed to anybody, but if skinners looking for certainty, whos the certainty for . Is this good certainty or bad certainty . And i dont know how these can get so confusing and so crossed over each other. I think that these updates thank you again for the great report. If you can answer every ....
State passed that. I think lastly, in terms of the timeline, does this include building and planning, or planning gets 30 days, then it goes to building and they get 30 days, is this permits in general , or specific permits . The housing accountability act is about the entitlement. If it is a project that doesnt meet the standards, or if it is a project that needs conditional use, that is your purview. The bill is not about the post entitlement timeframe. It is about getting the project to approval. That makes sense. Lastly, objective Design Standards, i think we have talked about that. It is so much easier. Some of the Community Housing we develop it. They kind of go away. I kind of look at this and say, we can develop all the Design Standards we want, we have a project that was going to waive five of them. It is ....
Commissioner richards . Commissioner richards thats a great thing, but i dont think we have anything written legislatively that says when you demolish a rent controlled unit that youve got to replace one. Commissioner hillis but weve still got that discretion. Right. And sb 330 requires a replacement unit in that place, and we can back that up or do it a different way. Commissioner richards i thought it had to be law. Thanks. Vice president koppel just a couple comments on my side. These arent addressed to anybody, but if skinners looking for certainty, whos the certainty for . Is this good certainty or bad certainty . And i dont know how these can get so confusing and so crossed over each other. I think that these updates thank you again for the great report. If you can answer every one of dennis questions, ill give it up to you. Thank you for answering our questions. I am we have a lot of questions up here, and im sure the people in the public are getting a lot of their questions ans ....