The Importance of Due Diligence

You're looking for a variety of different components to that. Not all of this is foolproof by an extra sheet of imagination. And then I think the terms of those investments is really important. So in 2008, you know, you put your money in a hedge fund and they could basic most hedge money. But now when things are going bad, how liquid are these investments? That illiquidity risk requires a premium. You should get paid more for an investment that's illiquid that you might have to wait a couple of years to get your money back than for one that doesn't.