How to Predict Extreme Economic Events

SVB is not going to tell portfolio managers about SVB. What it tells them is how their portfolios respond to different, to different economic events and what happens when they happen in succession. On the flip side, if you're looking at deal by deal investments into venture portfolio or PE portfolio, we look for the series of attributes that will lead to outsize performance. And so this goes in both directions. It actually handles both tails. But in those down markets, when people are getting really nervous, sometimes you have to reset your expectations. So let's reset your expectations so that you don't terminate us even if we're doing really well as a manager.