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It’s like what do I do, how do I address my needs, what are my liability structures, how do I make long-term investment decisions, and then how do I execute upon that overall advice through these individual investment opportunities. Capital rules were changing. Risk appetite was changing. RITHOLTZ: — or one of the institutions.
You shift from highnetworthindividuals. And no matter how highnetworth they are, they’re individuals. You could argue buying that in 2007 was the worst possible time. RITHOLTZ: So let me ask you a very obvious question. They react to markets. They can be emotional.
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