Well, you can think of your life portfolio being a combination of <i>idiosyncratic</i> risk (the particular business or unique exposures you have) and <i>systemic</i> risk (exposure to the broader system).<p>For example, way too many people were piling into SF real estate, right at the time when they felt the most rich from their employee stock options.  <a href="http:&#x2F;&#x2F;www.snow.ventures&#x2F;blog&#x2F;2016&#x2F;1&#x2F;13&#x2F;stopbuyingsfrealestate" rel="nofollow">http:&#x2F;&#x2F;www.snow.ventures&#x2F;blog&#x2F;2016&#x2F;1&#x2F;13&#x2F;stopbuyingsfrealesta...</a><p>We have a systemic hedge product, and are working on building out the capabilities to create unique portfolios to hedge idiosyncratic risks.