Yeah.

What I don't understand, because I've heard that before as well, what your comments, Walter.

And other than maybe endowment funds, pensions have a long-term liability that we're trying to immunize, so by definition, we have a long-term outlook.

Some of the biggest investors in unlisted real assets are pension funds because they say, "We like the long tail and it matches our liability." So then to walk away from the long tail implications of environment doesn't really quite add up.

I'm not really sure about that.

And secondly, I think we need to differentiate the difference between inputs and outputs.

And the output is that we're seeing the numbers firsthand because many super funds are large investors in insurance companies.

How do you see that moving when the risk of environmental risk, uh, becomes too much for insurance companies to carry and, um, it filters through? Does it filter through to other companies, to members? What do you think around that?