Dan Ivascyn

The first time I was in there, supposedly, you know, watching the process.

I'm not ready to conduct the rites.

Wasn't ready.

But that was an important part of the process.

And, you know, all young people had to go through and,

contribute to presentations or to present.

So I think it was bigger than just trying to get to the right investment answer.

Even today, we treat it like an internal conference.

So we bring people out.

We have ice cream socials.

We actually had a PIMCO band led by New Yorkers here that came out and joined some folks out in Newport Beach just for a little bit of fun.

But the whole idea, and again, I think this is even more important today, was to get away from the noise.

As we all know, we get measured over two short periods of time.

There's a fascination on what your NAV did today.

And even back then, 30 or so years ago when I joined the firm, there's just a lot of noise.

So I think stepping back away from the noise and looking at trends and themes that would impact economies or markets was pretty important.

realizing you can't get to all of it in the week where we conduct the actual forum.

We had a secular speaker series, which was comprised of almost all AI folks.

Right.

You tend to get the bullish AI message.