[laughs]

And, and I think it's difficult, but, but, you know, you gotta think about what got you here, right? And so I think with strong demand, um, defaults and delinquencies, uh, on the lower end of, of the range, you know, you just have to, to stick to what got you here, and what I mean by that is stay disciplined, right? I think when demand is strong and, and, and delinquency is low, there's sort of this tendency to wanna get more aggressive and do more, and, uh, um, and in the event of a correction, right, that, that could be troublesome.

And so I would just encourage people to continue to stay disciplined, continue to block and tackle, do what you do best every day.

And then I think for a lot of, like, our independents or our bank customers, the more you can sorta diversify, right? And, and, you know, because not every industry is gonna react the same in a, a, uh, um, sort of volatile e- economy.

And so, you know, if you can diversify your customers and the assets that you're financing, you know, that's always a good way to sorta hedge any type of potential correction in the future.

James, can you weigh in on what you're hearing from peers in the industry across, um, AI investment, whether internally for equipment finance companies or externally as a business opportunity with data centers?

Yeah.

Um, well, obviously, you know, it, it's a part of almost every conversation these days.

How are equipment finance companies best prepared to navigate through these uncertain times?

Yeah, well, it is a million-dollar question, right? And I think it's difficult, but you've got to think about what got you here, right? And so I think with strong demand, defaults and delinquencies on the lower end of the range, You just have to stick to what got you here.

What I mean by that is stay disciplined.

I think when demand is strong and delinquency is low, there's sort of this tendency to want to get more aggressive and do more.

And in the event of a correction, right, that could be troublesome.

And so I would just encourage people to continue to stay disciplined, continue to block and tackle, do what you do best every day.

And I think for a lot of like our independents or bank customers, the more you can sort of diversify, right? And Because not every industry is going to react the same in a sort of volatile economy.

But what about just the business itself, whether from credit quality and kind of what some of those other trends are?