J Darrin Gross

I'd like to ask you, Jens Nielsen, what is the biggest risk?

Jens Nielsen

Yeah, I mean, the way I look at risk is now is little bit different. I look a lot more protecting the downside. Right in the past, it was all well here, all the ways it can go well and, you know, we can make a lot of money and so on. You know, practical experience has shown that it could also go bad, and if, when it does, make sure you protect your downside, right? So that could be, you know, insurance is one way. I mean, as I mentioned before we started recording, we just had a fire in one of our buildings that shut down the whole building for months. I mean, that's where we have to transfer the risk to the insurance company, obviously. So that's one thing. But even in deals that may not go so well, you know, we try to protect capital and so on. But if that doesn't work, are we actually protecting ourselves through, you know, doing non recourse loans and other things like that, right? So I'm really focused on right now protecting the downside, because the downside is what can crush you, the upside is what gives you wealth, right? And so that's has been that has been more and more in my mind to protect the downside, if that makes sense.

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