Yes. I want to own companies that sell critical products needed in both good and bad times, where customers are absolutely reliant on them. My impression is that index products fit that description, but I'm less sure about analytics.

Regarding risk management, depending on where you are in the spectrum of using the product line, whether it's index or analytics, the approach can differ. I'll start with analytics. On the analytics side, some may argue that it's not mission-critical, except in a few situations. However, if you speak to a real risk manager, they might say they won't proceed if the analysis indicates a certain consequence.