Bruce Flatt

We're very focused.

We're very underexposed to software.

We're a real asset business.

But in our private equity, our opportunistic strategies for credit, look at industries when they sell off and when there is value to be had.

And I suspect somewhere...

Look, I think the world, the thing I'd start off by saying is everyone gets excited about day-to-day changes in the markets.

They listen to your show and then go and buy or sell.

But 20 years from now, we will look back and the valuations will be ridiculously low.

for great companies and businesses.

And that's what people should really be focused on.

Focused on the long term, focus on buying great companies and businesses, stick with them, don't sell, and just stay the course.

And that's been our story for a long, long period of time, and that's what it's going to continue to be.