Noah Goldberg reports that Theia participates in decision markets partly to improve portfolio-company outcomes despite proposal-level trading profits being immaterial relative to fund size.

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15:39 >> Yeah, definitely. I think that 15:42 if we were to sum all of our trading 15:44 activity and profits that come just from 15:47 these decision markets relative to our 15:48 fund size, it's relatively immaterial. 15:52 And so, I think it only makes sense for 15:53 us to keep trading these markets 15:55 assuming that the market grows, and we 15:56 assume that it will. And so, there's 15:58 definitely an aspect of of betting on 15:59 the future. And then the other thing is 16:00 given that we're large meta Dow 16:02 investors as well as ownership coin 16:04 investors, we're interested in the that 16:07 fundamental outcomes for all of those 16:09 companies to to be positive, and so want 16:11 to be a part of it.