My favorite IC questions are the left tail, “what if we go to war with China” type questions asked by someone in their 70s who has never used excel.
I try to be prepared—“thanks for the question, Frank. We sensitized our model to a WW3 scenario w/ advanced weapons and nuclear risk. It does present quantifiable downside to our 1.2% aggregate exposure to China biotech but we think it’s manageable. Potential mitigants are on slide 4.”