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Now, we are in a phase today where we are close to, of course, election, markets have rallied before. So, clearly one has to be cautious but this is not a time to be sitting on cash because we really do not know what the event is going to throw up.
In each bull market, there will be pockets of exuberance, but there will be some other pockets which will be out of favour and that is where we tend to look for opportunities.
On the way. i don't consider that. >> if credit swisse is going to fail, let it fail. my point is we should have let silicon valley bank fail. that's not the end of our system. they represent a tiny fraction of the economy. the whole issue is around confidence in banking. i think, you know, cooler heads would have prevailed realizing that 95% of the assets are recoverable in silicon valley bank. you talked about selling this bank. the franchise value of the world silicon valley bank has been trashed. it's no better than radioactive waste. it's the poster boy for idiot management. nobody wants ...
>> yes, exactly. any bank which is the closest parallel during the great financial crisis, we announced a 50% dividend any mag bank was in a lot worse shape than this, and it will be significantly higher. >> is that what your successor is doing right now >> i think so. i hope so. that's the smoothest way to handle these and almost all of the bank failures in the financial crisis, and we had 100 of them. we sold failed banks to a healthy bank, and usually the healthy acquirer would also cover the uninsured because they wanted the franchise value of those large depositors often, that's the best ...
Having companies step up, we have had five great companies step up, our wnba chang makers, but we are in the middle of it. we raised kplal a year ago $75 million. you will see the with. represented at nba all-star like we never have. the viewership and the pop plagues of the nba season and pop liesing on that in our season. >> the storm, record valuation, $151 million, that's 15 times what other teams have been valued at or recently sold at. do you think that represents what's ahead for the league? >> it absolutely does. this is part of the strategy, growing fandom, viewership, household names...