Marc Lipschultz

Yeah, look, we had a great quarter.

We had continued extraordinary growth, 20 plus percent growth on the top line.

I think there is, as you just noted, this disconnect, which is having acquired very successfully and very fortunately businesses like our digital infrastructure, business IPI, you issue shares, but then you don't have a full year of their results.

So it's actually just math.

As you look at our

run rate growth per share.

It is continuing to accelerate and it continues to be incredibly robust.

So yeah, there's a little bit of math, but it really is just simple math.

Business is really thriving.

So I would decompose the question of yields, returns into three components.

One, of course, is credit quality first and foremost.

At the end of the day, the most important thing is that you're making good loans and getting paid back.

No cockroaches.

So we want a very healthy ecosystem, and we have a very healthy ecosystem.

We really do, and we can certainly come back to that.

So credit quality is excellent in our book, and that doesn't mean no defaults.

Everyone's going to have defaults now and then.

We all, we said multi-trillion dollar industry.

That's okay.

You just can't have many, and you have to get good recoveries, and that's exactly what we do at Blue Island.