Can you give a little bit of a sense of how that integrates with sort of that private market aspect of it?

Yes, I mean, so the path we were going down in New York City and the path that I think makes sense is for you to actually implement your portfolio tilts in terms of, you know, if you're risk aware and you're looking at your fact exposure, I think the implementation will be more effective.

focused on public assets for the reasons you articulated.

Just philosophically, I don't believe private assets or alternative assets or asset classes you can lean in and lean out of.

I think you need to be more strategic because it takes a little bit longer for those deals to get approved.

There's a longer value creation mechanism.

Even just some of the practical aspects of finding managers, doing your due diligence, getting board approval to proceed, going through the contracting process.

brilliant guy.