Jim Zelter

And are you able to maintain excess spread as you scale up?

Jim, we've seen these capex cycles throughout economic history.

You've lived a few of them over a long career as well.

But there's something different about this one, and you're well-versed in this in a way that I'm not.

Some of these assets depreciate rapidly.

For you and the team, does that change how you put together some of these deals that you make?

It does.

I'm not sure how many people are taking a step back, Lisa, at the moment.

I'm happy to say we've got a lot to talk about.

Jim's out of there of Apollo.