It’s always been fairly easy for me to stay focused on the long term, but with 30 years’ experience reinforcing the importance of that, it’s easier to stay patient. In 2008 that patience didn’t serve me so well. When the problems started to get attention, conviction that things would be fine in the medium to long term kept me from trying to time the cycle. In the short term, a lot more selling would have been a good idea. Hopefully that was a one-in-50-year event.