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Find out more about National Geographic magazine—follow @NatGeoMag on twitter or become a fan on Facebook. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta On Twitter: https://twitter.com/#!/NatGeoMag On Facebook: http://www.facebook.com/NGM Every January, National Geographic magazine organizes a seminar for its photographers at National Geographic headquarters in Washington DC. The event offers inspiration and a chance for the photographers — who live and work around the globe — to spend time together with their colleagues at the magazine. Throughout National Geographic magazine's 2012 photo seminar, we asked our photographers three questions. Their answers surprised us. National Geographic Photo Seminar: http://ngm.nationalgeographic.com/visions/field-test/photo-seminar/inside-look Video production by Oliver Uberti. Inside National Geographic Magazine's Annual Photo Seminar | National Geographic https://youtu.be/DBuymdzmWh8 National Geographic https://www.youtube.com/natgeo

"We have a lot of conviction in this space." Mubadala CEO Khaldoon Al Mubarak tells Joumanna Bercetche growth "continues to be high" in tech and AI.

Groundhogs are also known as woodchucks and whistle pigs. But don't let the funny names fool you. On February 2nd, groundhogs get to tell the future. Well... sort of. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Groundhog Forecasters | National Geographic https://youtu.be/5HynP_QFf5o National Geographic https://www.youtube.com/natgeo

Australia is making a second attempt to pass new laws penalizing hate speech. Meanwhile, the search is underway for the next Australian Ambassador to the US, with Kevin Rudd stepping down a year earlier than planned. Former Australian ambassador to the US, Arthur Sinodinos, explains what's at stake as President Trump's policies continue to reshape economic and defense alliances. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTech Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Ultimate Factories: Bacardit : http://channel.nationalgeographic.com/channel/ultimate-factories Enjoy the 50-mph roller coaster ride these bottles take as they're filled with 80-proof Bacardi Rum. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Bottling Bacardi | Ulitmate Factories https://youtu.be/dLkGOSIO6_Q National Geographic https://www.youtube.com/natgeo

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. Chapters: 00:00:00 - Bloomberg: The Asia Trade begins 00:03:30 - Europe weighs response to Trump's Greenland threats 00:08:19 - US, Europe turmoil fuels fresh trade uncertainty 00:14:05 - Japan's Takaichi calls February 8 election 00:17:49 - Mitsui OSK CEO cautiously optimistic for 2026 00:24:08 - Yen in focus as Japan sets election date 00:28:06 - IMF's Georgieva discusses Trump's fresh tariff threats 00:35:48 - EXCLUSIVE: Korea Exchange CEO on South Korea's stock rally 00:41:14 - Hyundai Motor captures investors' attention 00:46:40 - Market opens in South Korea and Japan 00:50:08 - OCBC's Vasu Menon on market strategy 00:59:12 - Merz aims to rein in Macron on Greenland 01:04:20 - BREAKING: Japan 40-year bond yield hits 4% for first time 01:05:11 - Bloomberg Opinion: Japan election won't be revolutionary 01:08:35 - Franklin Templeton CEO on market volatility, AI 01:21:38 - Australia to pass new hate speech laws 01:24:39 - Former Australian Ambassador to US Arthur Sinodinos on Trump, Albanese -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Blown up, and blown away - the Marmot Dam gets demolished. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Marmot Dam | National Geographic https://youtu.be/By1TqXgkELw National Geographic https://www.youtube.com/natgeo

International Monetary Fund Managing Director Kristalina Georgieva discusses trade tensions, the artificial intelligence boom, Venezuela's economy and financial backing for Ukraine. She speaks on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

January 26, 2012 — Researchers have discovered a unique visual attribute that jumping spiders use in attacking and catching prey. The arachnids use what is called image defocus-proven in part by videos that show spiders jumping with deadly accuracy in green light (and fumbling in red). ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Spiders Jump with Deadly Accuracy in Green Light | National Geographic https://youtu.be/wiA4yVt1KMk National Geographic https://www.youtube.com/natgeo

"India needs at least eight to 10 large institutions to support the economy." Axis Bank CEO Amitabh Chaudhry tells Haslinda Amin he expects consolidation to remain an industry theme for a long time to come.

Valentine's Day Massacre : http://channel.nationalgeographic.com/channel/ ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta A trigger-happy Capone gunman leads cops to an arsenal of Tommy guns. Gangster Gunplay | National Geographic https://youtu.be/nmzX2FlLjiY National Geographic https://www.youtube.com/natgeo

"We look at resilience and diversification." The UAE's economy minister explains the country's outlook as Joumanna Bercetche asks about ties to Russia and Iran.

Meet the host of National Geographic Channel's Monster Fish, explorer and biologist Zeb Hogan. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Meet Zeb Hogan | National Geographic https://youtu.be/GV59RIc9QDE National Geographic https://www.youtube.com/natgeo

Sridhar Natarajan, Bloomberg's chief Wall Street correspondent, discusses how Trump's policies and the pressure on the traditional world order is making it a unique year at Davos for the annual meeting of The World Economic Forum. Today's guests: Jenny Johnson, Franklin Templeton CEO; Michael Roberts, HSBC Corporate and Institutional Banking CEO --- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse with Francine Lacqua live from Davos 2026 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Oh how the mighty fall! The Orange Bowl and Yankee Stadium get torn down to make way for bigger and better sports arenas. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Game Over | National Geographic https://youtu.be/gDCXxQu2J5M National Geographic https://www.youtube.com/natgeo

European stocks and US futures fell while havens such as gold rallied after President Donald Trump threatened levies on countries opposing his plans to acquire Greenland. The euro and Swiss franc advanced. Defense stocks are back on the march again as Trump's threats are met with defiant responses from European leaders. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. Chapters: 00:00:00 - The Opening Trade 00:02:05 - Trump Tariff Threat on EU 00:06:26 - Gold Price Jumps, Stock Fall 00:07:56 - China 2025 GDP Grows 5% 00:11:08 - Spain Deadly Train Crash 00:11:36 - London IPO Critic Were 'Wrong': Rachel Reeves 00:12:06 - Japan's PM Mulls Food Sales Tax Suspension 00:18:52 - Dollar Pressure After Trump Tariff Push 00:27:18 - EU Leaders Call for Emergency Summit 00:36:25 - DInvestcorp Executive Chairman Alardhi 00:46:53 - Stocks to Watch: Bayer, LVMH, Mercedes 00:55:03 - Mercedes Stock 01:07:12 - ECB Vice President Candidate Mario Centeno 01:16:32 - Trump Threatens 8 NATO Allies 01:20:31 - Will Call G-7 Meeting in Coming Days: France Finance Minister 01:29:36 - Tariffs Exposed Sectors Selloff 01:34:31 - US, EU Tariff Scenarios -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

And you thought beach volleyball got competitive. That's nothing like when two bull elephant seals, called beachmasters, compete for their own spot in the sand. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Elephant Seal vs. Elephant Seal | National Geographic https://youtu.be/sz35H71d-bU National Geographic https://www.youtube.com/natgeo

"I think it'll quickly become the way most firms trade." HSBC Bank CEO Michael Roberts tells Francine Lacqua how quantum computing and AI will make trading faster and more accurate.

Meet Denny Wagner, the Shark Men's engineer. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Meet the Shark Men: Denny | National Geographic https://youtu.be/9jZ2Q__rAeE National Geographic https://www.youtube.com/natgeo

Franklin Templeton CEO Jenny Johnson tells Francine Lacqua the impact of AI on individual companies is yet to be seen.

Photographer Brian Skerry celebrates the sea and her creatures in magnificent images collected over 30 years and more than 10,000 hours underwater. ➡ Subscribe: http://bit.ly/NatGeoSubscribe ➡ Get More Nat Geo Live: http://bit.ly/MoreNatGeoLive About Nat Geo Live (National Geographic Live): Thought-provoking presentations by today's leading explorers, scientists, and photographers. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Upcoming Events at National Geographic Live! http://events.nationalgeographic.com/events/ Buy Photographs by Brian Skerry http://national-geographic.cafepress.com/art/s_brian-skerry Brian Skerry: Ocean Soul | Nat Geo Live https://youtu.be/Od7XZ_aIPS8 National Geographic https://www.youtube.com/natgeo

Michael Roberts, head of corporate and institutional banking at HSBC, discusses geopolitical risks, the bank's restructure and the impact of artificial intelligence on staffing. "I don't think it'll lead to massive layoffs," Roberts says. "I don't think it'll lead to massive change in how we do things other than as to make it more efficient," he adds. Roberts speaks on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Photographer Brian Skerry risks life and limb for portraits of terrifying — and alluring — squid. ➡ Subscribe: http://bit.ly/NatGeoSubscribe ➡ Get More Nat Geo Live: http://bit.ly/MoreNatGeoLive About Nat Geo Live (National Geographic Live): Thought-provoking presentations by today's leading explorers, scientists, and photographers. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Upcoming Events at National Geographic Live! http://events.nationalgeographic.com/events/ Buy Photographs by Brian Skerry http://national-geographic.cafepress.com/art/s_brian-skerry The Amazing Squid | Nat Geo Live https://youtu.be/DY8PmkSsxyE National Geographic https://www.youtube.com/natgeo

"We see value everywhere." Investcorp executive chairman Mohammed Alardhi talks to Joumanna Bercetche about deploying long-term capital amid short-term uncertainty.