Diego Parrilla

It's about building a framework that will allow you to make the right decisions and stay very focused.

It's important to understand the dynamics of the whole team and understand, again, my education goes towards this line called rebalancing alpha that is not well enough understood.

And that's what I'm doing academically and as a practitioner.

But you described it perfectly well, and it'll be my pleasure just to continue to educate the crowd.

These strategies are usage, daily liquidity, and I think as a concept, I've always been an innovator, fall in love with the problem and not the solution.

And I think when you are a goalkeeper,

I think sometimes it's better to give the entire team rather than just people trying to handpick and judge the... You're up for zero and you say, why did we ever buy a goalkeeper?

It's cost us money and we won for zero.

And then things happen, right?

So I think it's about helping the investors understand

want to do what they need to do.

And I think they should be buying protection, but they need to do it in a way that they can understand it and hold it.

And that's why I think solutions like Aqua, a protected equity, are easier to understand, to hold, than just trying to synthetically build it separately, because it's tough.

I mean, think about any of you or your guys

trying to build a program of protection by inputs.

And it's not just which one do I buy, what strike, what maturity, how much, when do I take profits, how do I roll?

It's a full-time job, trust me.

And that's something where, you know, the last almost 30 years we've been trying to figure out and we're still learning.

We're very humble learners.

I actually loved Fooled by Randomness by Taleb.