The United States is incredibly risk averse compared to Europe. There's two kinds of risk. There's mistakes of commission where you do something that's a mistake. And then there's mistakes of omission where you don't do something and it's a mistake.And the United States is terrified of making mistakes of omission. When you are in a massive growth economy, missing out is more expensive than fumbling something. And so Europe is incredibly willing to embrace the risk of omission. The way that Europe is trying ...