right?

When you back a company, you're backing people, the leadership, to make decisions about markets, products, and people, their own people, people they supply to, people that they work around, regulators, all that kind of thing, tax authorities.

So the ability to make good decisions, by and large, you're never going to make good decisions in retrospect 100% of the time, like no one does that.

But the ability to make good decisions around people, I think would be one key thing that drives what we do in both funds and companies.

And we've had to learn by going through lots of mistakes, right? We've had to refine that process to say, okay, well, this is how to think about good CEOs.

And this is how to think about good fund teams, good fund leaders.

This is how to think about alignment of people in terms of a core objective.

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