Um, what's your second thing?

Second thing is, uh, related to a point you were just making about its, uh, its relevance for, uh, uh, championship golf.

Um, uh, I think that this golf course in a really interesting way resists pure, raw, inaccurate distance.

It does so in some ways that, that are maybe not so great, which we can talk about later.

But the brilliant thing about the current version of Merion is that there aren't many holes where you even wanna hit- A 350-yard tee shot.

There are a couple of holes in that opening sequence of the golf course where, yeah, you can let loose a little bit.

You can hit it long on the second hole.

I think it has to be.

Mm-hmm

... fund, the head of the PIF fund, uh, held a news conference, gave a couple of interviews where he was talking about this new strategy, and he admitted that the Iran war had had some impact on this, though this strategy was in formation before the war started.

Um, something interesting from the PIF news release for me, uh, was that, uh, it was the way that it kind of, uh, set this new strategy up.

Um, it says, "The 2026-2030 strategy marks a natural evolution as PIF moves from a period of rapid growth and acceleration to a new phase of sustained value creation, with a strengthened focus on maximizing impact, raising the efficiency of investments," et cetera, et cetera.

Now, okay, a lot of this is kind of business pablum, right? But, but what, what this is saying basically is we've been going crazy for the last few years.

You know, we've just been throwing money out there.

We've been trying to grow.

I think this has been fantastic.