@jazzyxx:$ARM Holdings Ltd(ARM)$ Yes there's definitely projection - we're not there yet, but investors should be wary of investing in an equity that is 90% owned by a volatile investment fund in a market under pressure. If the Japanese market keeps sinking, particularly the trading houses and banks, it's only natural to expect levered investment firms and funds to struggle mightily. If this is a one-off and the Japanese market bounces back strong, then there's nothing to worry about.