Asit Sharma

I think this could be, for me, a 9% to 12% grower.

Dave said 10% to 12%.

We are aligned here.

Workday with lower risk could be a really interesting investment.

I think Zscaler, because of that cybersecurity market that's ever-growing, because the AI piece is going to outperform, but it's not a given.

Workday, don't sleep on it.

Tim, since the markets seem to be extended a bit, valuations are near all-time highs, everything feels so shaky, let me just go to loss aversion, because that might come into play for some of us in the coming months if the market retraces from here.

I think that's maybe a misnomer.

I feel like it should be life affirmation.

Not loss aversion, because this is something very primal in us, right?

When we build anything like a shelter over our heads, or we build up a little bit of money, we want to protect our ability to survive.

So really, what loss aversion is, it's something coming from deep within ourselves, which says, I don't want to lose this and go back to a worse position than I was before.

Now, that makes a lot of sense when you're thinking about a roof over your head.

It makes less sense when...

When you are thinking about a long-term asset that's going to appreciate because a business that you've invested in is growing its cash flows because they're in a market which hopefully has a lot of demand and the business is well-run, I could go on to describe a very nice investment scenario.

But just to keep this short,

Thinking in terms of what the future could look like is a very powerful antidote to that very quick and reactive place that we get to when markets start to shake and to quake.

I didn't mean to rhyme that, but there you go.

Tim, you've been great at pointing this out over the years.

Our lizard brain really wants us to just react and have instant relief.