Rory O'Driscoll

So for that kind of huge return, I mean, yes, there's been a 10x.

So for that kind of huge return, I mean, yes, there's been a 10x.

The Mercer seed check three years ago.

The Mercer seed check three years ago.

Yes.

Yes.

So maybe they do happen more than once a decade.

So maybe they do happen more than once a decade.

These decades seem to be shrinking.

These decades seem to be shrinking.

I think you're going to have $1 trillion outcome from the last decade and two, it looks like from this decade, if it all happens according to plan.

I think you're going to have $1 trillion outcome from the last decade and two, it looks like from this decade, if it all happens according to plan.

But my point is, yes, you probably can't assume 10.

But my point is, yes, you probably can't assume 10.

You don't run your business on the expectation that every check you write is going to be a trillion dollar outcome.

You don't run your business on the expectation that every check you write is going to be a trillion dollar outcome.

If you're really smart and you get one, you should say yay.

If you're really smart and you get one, you should say yay.

So I think $8 billion outcomes will make everyone perfectly bloody happy.

So I think $8 billion outcomes will make everyone perfectly bloody happy.