1$)&A!3(-!-9,,(),!23()!;+921(29''/!I+(;;(),!1$!13&!I&-L1$;8! ! ! !
³)RU %LJ )DW ´ 6DPXHO DQVZHUV ZHDNO\ !
!
"! D$1$+(E&I! )$(-&! .&,()-! B3(++(),! 5)I&+! 13&! I&-LA! 9)I! 13&! .9'I(),! D9)!
D$%&-! 9-! (F! F'$91(),! $)! 9(+A! ,'(I(),! .92LB9+I-! 9! 2$5;'&! $F! F&&18! ! P(-! 3&9I! 9)I! -3$5'I&+-! ;(%$1! -39+;'/A! 13&)! '(L&! 9! 1()! 19+,&1! 91! 9! 29+)(%9'! -3$$1(),! ,9''&+/A! 3(-! .'$91&I!;+$F('&!I+(F1-!I$B)!13&!'&),13!$F!13&!I&-L1$;!5)1('A!;(%$1(),!-39+;'/!9,9()! 1$!F92&!G9D5&'A!3&!-1$;-!9.+5;1'/!.&-(I&!13&!I&-L8! ! G&91&I!$)!9)!&'&21+(2C;$B&+&I! -2$$1&+A! B&9+(),! $)'/! 9! .'5&! I+&--! -3(+1A! 3&! -3(F1-! 3(-! 2&)1&+! $F! ,+9%(1/! F$+B9+IA! VD\LQJ ³,¶P %LJ )DW 6R ZKDW LV LW"´ 7KH PDQ¶V KHDG QHFN VKRXOGHUV DUPV 1$+-$²9''! 13$-&! .'5..&+/! ;9+1-! I$! 13&! )(2L)9D&! $F! V(,! R91! 92159'! J5-1(2&A! 3(-! -5;&+F'5$5-! F'&-3! ;+&11/! D523! 2$)-5D(),! 13&! -2$$1&+8! ! V51! 13&+&! (-! )$! B9(-1! .&'$B! 13&! D9--(%&! .&''/²)$! '&,-A! )$! F&&1²)$13(),! &O2&;1! 9! -2$$1&+! -&91! 1391! (-! $.-25+&I! .&)&913! 13&! 5)152L&I! I+&--! -3(+1! 9)I! -&&D-! -$D&3$B! F5-&I! ()1$! 3(-! ()2$D;'&1&!.$I/8! !
)RU D PRPHQW 6DPXHO FDQ¶W VSHDN WRQJXHC1(&I!9-!3&!(-!./!13&!39'%&I!F(,5+&!
)$B!F92(),!3(D!F+$D!92+$--!13&!+$$D8! ! G52L(),!3(-! .$11$D!'(;A!3&!+&-1+9()-!13&! .&B('I&+&I! '$$L! 1391! 13+&91&)-! 1$! 1+9)-F$+D! 3(-! F92&A! -$D&13(),! B3(23A! (F! &O;+&--&IA!B$5'I!.&1+9/!13&!9D9E&D&)1!$F!-&&(),!9!;&+-$)!B3$!(-!.$13!()2+&I(.'/! 35,&!9)I!1&++(.'/!-D9''8! ! P$B!I$&-!3&!,&1!13+$5,3!13&!$FF(2&!I$$+Y! ! 3&!B$)I&+-8! ! X+!5-&!13&!-19(+-²$+!13&!1$('&1Y! ! ! !
³0PP ZKDW KDYH \RX EURXJKW PH"´!
!
³$ JLIW ´ 6DPXHO ILQDOO\ PXWWHUV UDLVLQJ WKH ER[ KLJKHU VR WKDW LW EORFNV
3(-!%(&B!$F!V(,!R91!9'1$,&13&+8! !
³:KDW"´!
!
³+H VDLG D JLIW ´ WKH ZRPDQ FKLPHV LQ ³,WµV D JLIW *RQJCD(),8! ! U$5!
KDYH DQ DGPLUHU +RZ VZHHW ´! !
³$ JLIW" )URP ZKR"´!
!
G9D5&'! )$I-! (D;5'-(%&'/A! D5-1&+(),! B$+I-! 1391A! B3&)! -;$L&)A! 39%&! 13&!
UHKHDUVHG HVVHQFH RI VWDJH OLQHV ³)URP 0U *XDQC\X VLU WR 0U %LJ )DW ´ DQG 9-! 3&! -;&9L-! 13&! B$D9)! I9+1-! 3&+! ,9E&A! -5++&;1(1($5-'/! D$)(1$+(),! V(,! R91W-! +&921($)!B(13$51!15+)(),!3&+!3&9I8! !
³)URP *XDQC/5Y! ! H59)C\X LVQ¶W PDQ HQRXJK WR FRPH KLPVHOI"´ %LJ )DW V