Greg Smith

So our first initial message was, look, don't panic.

You know, things happen in markets.

If you go back, you know, when we were at these roadshows,

One of those slides that sort of got people out with their phones in addition to the Consumer NZ award chart was a graph of the S&P 500 going back over the last 100 years or so.

Stuff always happens, right?

And whether it be...

pandemics, wars, global financial crisis, and the market climbs a wall of worry.

That is a fact.

You can tell people that, but if you show people that, I think people get it.

A lot of people my age still think about the 1987 share market crash in New Zealand.

Some still talk about it.

My dad still does.

It's like a wrinkle if you look at a broader world index or S&P, whatever you want to use.

That was our main message.

Stuff happens.

We saw this again last year.

We saw this with Trump's tariff board.

We saw that in COVID.

Each of those occasions, that's just in the last six years.

It was a little bit different to the last year, but if you'd reacted when Trump put up his tariff board,