And are there any companies like, you know, there's some on here, Costco, where you would buy at any reasonable price, or are you kind of maybe more like me where I've been trying to at least get better about, you know, an investment has to kind of clear this expected return threshold, right? 12 or 15% or something.

Right, right.

For me personally, I don't even look at the valuation of a business first off until I'm extremely confident in the long-term durability of it.

So I'm not going to just buy a good business at a really cheap valuation.

I just want to say that up front.

But when I am looking at valuation, yes, you can have a really high quality business, like you said, Costco, or even some of the companies that we talked about, Moody's, S&P Global, MSCI.

But you do have to have a somewhat of a margin of safety or at least a reasonable starting valuation.

But a minute or two, what initially attracted you to the company? And then what's your core thesis with them today?