Matthew Decicco: I think this is an unusually good opportunity for active management. Let me explain why. Generally, when people are looking at the markets, they pay close attention to the major averages. But by just looking at the major averages right now, you’re missing a lot of interesting activity that’s happening beneath the surface. We’re in year four of a bull market, and we are on track for another year of double-digit returns. Despite that, there are a higher-thannormal number of companies with negative returns. There’s a whole host of reasons that would explain why this is happening, but a major one, we think, is the pace of innovation and the resulting disruption caused by that innovation. What I’m describing is high dispersion in single-security returns, and that is an excellent opportunity for active management and single-security selection.